SpaceX Becomes the World's 8th Largest Corporate Bitcoin Holder With 18,712 BTC

SpaceX’s Nasdaq debut under ticker SPCX is framed as a major crypto-treasury event, with the company disclosing 18,712 BTC on its balance sheet, worth about $1.2 billion. That would make it the world’s 8th-largest corporate Bitcoin holder and put it ahead of several well-known crypto companies. The article says the average acquisition cost was around $35,000 per Bitcoin, underscoring long-term confidence in Bitcoin and blockchain infrastructure. Market reaction was immediate, with SPCX shares reportedly rising 21% on the first day of trading. The report also notes that Musk-linked firms now hold a combined 30,221 BTC, highlighting growing institutional concentration in Bitcoin exposure.