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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor congratulated Elon Musk and Space Exploration Technologies Corp. (NASDAQ:SPCX) on their record-breaking IPO, while drawing attention to the newly-listed firm’s substantial Bitcoin (CRYPTO: BTC) holdings.
Musk’s Firms Leading ‘Mag 8’ Bitcoin Leaderboard
Saylor hailed SpaceX’s debut as ‘historic’ on X, noting that 25% of the “Mag 8” companies — the original “Mag 7” plus SpaceX — now hold Bitcoin on their balance sheets.
The aerospace giant revealed in its IPO filing that it holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. The total cost basis of …
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