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SpaceX will become the largest diversified public company holding Bitcoin (CRYPTO: BTC) when it lists June 12, according to Grayscale Research.
SpaceX Holds 0.1% Of IPO Valuation In Bitcoin
The rocket maker’s 18,712 coins are worth roughly $1.4 billion—just 0.1% of its $1.75 trillion expected post-IPO market cap.
That makes it a very different animal from Strategy Inc. (NASDAQ:MSTR), which holds 843,738 Bitcoin representing over 80% of its market value.
Grayscale separates corporate Bitcoin holders into two camps. Strategy operates as a pure-play Digital Asset Treasury where Bitcoin defines the whole business.
SpaceX, Tesla Inc. (NASDAQ:TSLA), Coinbase Inc. (NASDAQ:COIN), and Block Inc. (NYSE:XYZ) …
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