SpaceX joins the Nasdaq-100 today, triggering ~$4.3B in passive inflows to a company holding 18,712 BTC. This creates rules-based institutional demand for Bitcoin through corporate balance sheets.
Elon Musk's SpaceX is set to begin trading on the Nasdaq under the ticker SPCX on Friday, officially joining the ranks of public Bitcoin treasury companies with 18,712 BTC worth roughly $1.29 billion, making it the eighth-largest corporate holder of bitcoin.
SpaceX has filed for a historic IPO, revealing it holds 18,712 BTC worth about $1.45 billion, positioning it among the largest corporate Bitcoin holders as it prepares to list on Nasdaq.
SpaceX moved 1,021 BTC worth $94.5, part of a series of transfers this year totaling 8,910 BTC as the company consolidates and upgrades its bitcoin holdings.
During an interview with at the invite-only Code Conference in Beverly Hills, Elon Musk said the government should steer clear of trying to regulate Bitcoin and cryptocurrency.