SpaceX's IPO just put 18,712 BTC on the public leaderboard
The world's newest mega-listing is also a Bitcoin whale.
@SpaceX's Nasdaq debut today makes it the 8th largest public Bitcoin holder, with 18,712 bitcoin:native disclosed in its S-1, more than double what blockchain trackers had estimated.
The stack was bought at roughly $35K per coin, a $661M cost basis now worth $1.2 billion. Even after this year's drawdown, that position is up about 80%.
Add Tesla's 11,509 BTC and
@elonmusk's companies combined would rank fourth among all public holders. The richest man in the world is also one of its biggest Bitcoin bulls.