SpaceX Set to Become Largest Public Company Holding Bitcoin

Grayscale Research reports that SpaceX is poised to become the largest diversified public company holding Bitcoin (BTC), with 18,712 BTC on its balance sheet ahead of its early June listing. At the current BTC price of approximately $75,954, this holding is valued at around $1.42 billion, representing about 0.1% of the $1.75 trillion market capitalization SpaceX targets for its IPO, according to BeInCrypto. Unlike MicroStrategy, which holds BTC as a primary asset, SpaceX's Bitcoin reserve is a small hedge alongside its revenue-generating ventures like rockets and the Starlink network.