A major breakthrough has emerged in the world of Bitcoin. Notable Bitcoin advocate and Strategy Chairman Michael Saylor has declared SpaceX's IPO a historic moment for Bitcoin.
In a statement released on June 13 on social media platform X, Michael Saylor congratulated Elon Musk and SpaceX, stating that now 25% of the balance sheets of the big tech companies known as "Mag 8" hold Bitcoin.
The sell signal pointed to Tesla and SpaceX, both companies linked to Elon Musk. According to available data, SpaceX holds approximately 18,712 Bitcoin while Tesla owns about 11,509 Bitcoin. Together, the total reserves of both companies exceed 30,000 Bitcoin.
SpaceX's recent IPO sparked significant interest among investors. The company's shares had a stellar market debut, recording notable gains on the first day. This success not only highlighted SpaceX's popularity but also showcased Bitcoin's growing institutional usage.
On the other hand, Bitcoin's acceptance in the corporate world is steadily increasing. Fresh data indicates that 199 public companies worldwide collectively hold about 1.26 million Bitcoin, valued at over $80 billion.
Experts believe that when major tech companies add Bitcoin to their treasuries, it boosts market confidence. This is why more and more companies are viewing Bitcoin as a long-term asset.
If this trend continues, Bitcoin's corporate adoption could ramp up significantly in the coming years, which is seen as a positive signal for the entire crypto industry.