SpaceX Pre-IPO Lists 18,712 BTC Worth $1.42B, Outshines MicroStrategy
STRC•SpaceX disclosed 18,712 BTC on its balance sheet ahead of a June 12 Nasdaq debut, valued at roughly $1.42 billion at $75,954 per coin and representing about 0.1% of its $1.75 trillion target valuation. Grayscale notes this diversified Bitcoin reserve differs from pure-play treasuries such as MicroStrategy’s 843,738-coin stack.
1. SpaceX Bitcoin Treasury
SpaceX’s balance sheet now includes 18,712 BTC valued at approximately $1.42 billion based on a $75,954 per coin price, representing roughly 0.1% of the $1.75 trillion market capitalization it is targeting with its upcoming Nasdaq listing.
2. Diversified Treasury Strategy
Unlike pure-play Bitcoin treasuries, SpaceX’s core revenue stems from rocket launches, the Starlink satellite network and government contracts, making its BTC reserve a small hedge rather than the centerpiece of its business model.
3. IPO Listing Details
SpaceX is set to debut its SPCX shares on Nasdaq on June 12, with pre-IPO trading activity already providing a means for investors to position ahead of the official listing.
4. Corporate Bitcoin Adoption Trend
Over 100 publicly traded companies now hold a combined 1.24 million BTC as part of diversification strategies against fiat currency risk, signaling a broader move by corporates to allocate to digital assets.
