SpaceX, MicroStrategy, and Bitcoin’s Next Capital-Market Layer
SpaceX holds 18,712 BTC, worth roughly $1.37 billion, according to CoinGecko. A year ago, that might have been a niche treasury detail. It no longer looks that way.
With SpaceX now moving toward the public market in what multiple outlets describe as a potential record-setting IPO, the question is no longer whether Bitcoin can sit on a corporate balance sheet. The market already answered that with MicroStrategy. The better question is what happens when private Bitcoin becomes public equity inside a company that is not defined by Bitcoin at all.
That is the more important signal.
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