{"id":73119,"date":"2026-05-27T00:41:43","date_gmt":"2026-05-27T00:41:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/spacex-expected-to-become-largest-public-company-holding-bitcoin\/"},"modified":"2026-05-27T00:41:43","modified_gmt":"2026-05-27T00:41:43","slug":"spacex-expected-to-become-largest-public-company-holding-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/spacex-expected-to-become-largest-public-company-holding-bitcoin\/","title":{"rendered":"SpaceX Expected to Become Largest Public Company Holding Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Grayscale said Elon Musk\u2019s SpaceX could become the most valuable public company holding bitcoin.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Diversified businesses may increase BTC allocations as treasury-focused firms dominate current rankings.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX\u2019s IPO could expand investor visibility into corporate bitcoin balance-sheet strategies.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>SpaceX IPO Could Reshape Corporate <span>Bitcoin<\/span> Rankings<\/h2>\n<p> <span>Crypto<\/span> asset manager Grayscale Investments <a href=\"https:\/\/www.grayscale.com\/the-stack\/spacex-expected-to-be-largest-public-company-holding-bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> in a blog post on May 26 that Elon Musk\u2019s SpaceX is poised to become the most valuable public company holding <span>BTC<\/span>, after its expected <a href=\"https:\/\/news.bitcoin.com\/biggest-ipo-ever-elon-musks-spacex-targets-1-75-trillion-in-public-offering\/\">initial public offering<\/a> (IPO) in June. Michael Saylor\u2019s Strategy would likely remain the largest public-company <span>bitcoin<\/span> holder by <span>BTC<\/span> amount. SpaceX owns 18,712 <span>BTC<\/span>, based on its registration statement (<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1181412\/000162828026036936\/spaceexplorationtechnologi.htm\" target=\"_blank\" rel=\"noopener noreferrer\">S-1 filing<\/a>) with the U.S. Securities and Exchange Commission (SEC).<\/p>\n<div data-turn-id-container=\"a55d1e6a-4da9-4daa-a376-f31ba33be377\" data-is-intersecting=\"true\">Grayscale Head of Research Zach Pandl divided corporate <span>bitcoin<\/span> holders into two categories. Digital asset treasuries (DATs) primarily exist to provide investors with <span>BTC<\/span> exposure through public markets. Strategy is the largest DAT, currently holding <a href=\"https:\/\/news.bitcoin.com\/strategy-grabs-24869-btc-for-2-01b-now-holds-843738-bitcoin-total\/\">843,738<\/a> <span>BTC<\/span>. Diversified businesses, by contrast, hold <span>bitcoin<\/span> alongside operating businesses as part of broader treasury management. Musk\u2019s SpaceX and Tesla fall into that category, with <a href=\"https:\/\/news.bitcoin.com\/tesla-discloses-11509-bitcoin-holdings-in-sec-filing-valued-at-over-1-billion\/\">Tesla<\/a> ranking 12th among public-company holders at 11,509 <span>BTC<\/span>. Pandl wrote:<\/div>\n<blockquote>\n<p>\u201cSpaceX is expected to be the largest public company holding <span>bitcoin<\/span>.\u201d<\/p>\n<\/blockquote>\n<p>The distinction separates companies that primarily function as <span>bitcoin<\/span> investment vehicles from operating businesses that hold <span>BTC<\/span> alongside core commercial activities. <a href=\"https:\/\/bitcointreasuries.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">Treasury-focused firms<\/a> include Strategy with 843,738 <span>BTC<\/span>, Twenty One Capital with 43,514 <span>BTC<\/span>, Metaplanet Inc. with 40,177 <span>BTC<\/span>, MARA Holdings Inc. with 35,303 <span>BTC<\/span>, <span>Bitcoin<\/span> Standard Treasury Company with 30,021 <span>BTC<\/span>, and <span>Bullish<\/span> with 24,300 <span>BTC<\/span>. SpaceX aligns more closely with diversified operating companies such as Tesla, which holds 11,509 <span>BTC<\/span>, and Block with 9,032 <span>BTC<\/span>, while Coinbase holds 16,492 <span>BTC<\/span> as part of its broader <span>crypto<\/span> business operations.<\/p>\n<h2>Public <span>Bitcoin<\/span> Treasury Market Faces New SpaceX Benchmark<\/h2>\n<p>SpaceX\u2019s S-1 filing lists <span>bitcoin<\/span> under \u201cDigital Assets\u201d and shows unchanged holdings year over year. The company held 18,712 <span>BTC<\/span>. Fair value fell to $1.637 billion from $1.749 billion, while cost basis stayed at $661 million. SpaceX also disclosed: \u201cThe company has ownership of and control over its digital assets, which consist of <span>bitcoin<\/span>, and utilizes, and expects to continue to utilize, third-party custodians to hold its <span>bitcoin<\/span>.\u201d<\/p>\n<figure id=\"attachment_817437\" aria-describedby=\"caption-attachment-817437\" style=\"width:783px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-817437\" class=\"wp-caption-text\">SpaceX\u2019s <span>bitcoin<\/span> holdings. Source: SpaceX\u2019s S-1 filing with the SEC.<\/figcaption><\/figure>\n<p>Ahead of its expected IPO, <a href=\"https:\/\/polymarket.com\/event\/spacex-ipo-closing-market-cap\" target=\"_blank\" rel=\"noopener noreferrer\">prediction market data<\/a> on Polymarket place the highest probability on SpaceX debuting with a valuation between $2 trillion and $2.5 trillion. That range carried roughly 40% odds, ahead of the $1.5 trillion to $2 trillion range at 26% and the $2.5 trillion to $3 trillion range at 24%. Those estimates underpin Grayscale\u2019s view that SpaceX could become the most valuable public company holding <span>BTC<\/span> after its IPO.<\/p>\n<div data-turn-id-container=\"55885336-f7e8-49f7-823b-4064aae2d013\" data-is-intersecting=\"true\">Corporate <span>bitcoin<\/span> treasury strategies could draw greater investor attention as more operating businesses enter public <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> holder rankings alongside dedicated treasury firms. Grayscale\u2019s head of research added:<\/div>\n<blockquote>\n<p>\u201cWe believe that the number of diversified businesses holding <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> will increase over time, even if we see the number of DATs declining. Altogether, these dynamics could bolster demand for <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>\u2014and underpin the value of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> over time.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/grayscale-spacex-expected-to-become-largest-public-company-holding-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Grayscale said Elon Musk\u2019s SpaceX could become the most valuable public company holding bitcoin. Diversified businesses may increase BTC allocations as treasury-focused firms dominate current rankings. SpaceX\u2019s IPO could expand investor visibility into corporate bitcoin balance-sheet strategies. SpaceX IPO Could Reshape Corporate Bitcoin Rankings Crypto asset [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":73120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73119"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73119"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73120"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}