The company is already the eighth largest public holder of bitcoin in the world.
Tesla, also founded by Musk, owns 11,509 BTC.
The aerospace company SpaceX officially entered the top 10 of publicly traded companies with the largest bitcoin (BTC) reserves worldwide, after debuting on the Nasdaq stock exchange in the United States with an initial valuation of $75 billion.
With this commercial movement, the firm—which owns 18,712 BTC— was positioned in eighth place on the list, just below Strivean American asset management company that has 19,032 BTC in its treasury, as seen in the image.
By ceasing to operate privately and becoming listed on Wall Street, the organization’s financial holdings became public. For this reason, BTC holdings began to be counted within the ranking of public corporate treasuries.
SpaceX BTC were acquired for a total amount of 661 million dollars. That initial investment It involved an average cost close to $35,000 for each bitcoin, as reported by CriptoNoticias.
With the price of bitcoin hovering around $63,000 at the time of writing, these reserves have practically doubled their original market value. This way, The BTC capital of the aerospace firm was valued at more than $1.18 billion.
This volume of capital positions the technology company as a major player in the financial ecosystem. The firm now shares the institutional ranking with Tesla, the electric vehicle corporation also founded by businessman Elon Musk, which owns 11,509 BTC in their institutional balance sheets.
If the holdings of both firms were added, the companies controlled by Musk would accumulate a joint total of 30,221 BTC. If this unification of corporate portfolios occurs, The conglomerate would immediately be ranked fifth overall among listed companies. with greater exposure to bitcoin.