"Thanks to you, 25% of the Mag8 now holds bitcoin on the balance sheet," Saylor expressed on X, commending Musk on SpaceX's landmark IPO launch.
By Omkar Godbole Jun 13, 2026, 1:05 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Saylor acknowledges Musk for BTC adoption among Mag8 firms. (CoinDesk)SummaryShow- Strategy chairman Michael Saylor praised Elon Musk on SpaceX's Nasdaq launch, mentioning that 25% of the "Mag8" now includes bitcoin in their assets.
- SpaceX, which made its Nasdaq debut on Friday, is now recognized as the eighth-largest public holder of bitcoin.
Michael Saylor, the co-founder of Strategy, the largest publicly traded bitcoin holder, has coined a new term for the top-tier stocks on Wall Street and sent a congratulatory note to Elon Musk.
After SpaceX's remarkable debut on Nasdaq, Saylor took to X to commend Musk, highlighting that with SpaceX’s public status, 25% of what he refers to as the "Mag8" firms have bitcoin on their balance sheets.
"Thanks to you, 25% of the Mag8 now holds bitcoin on the balance sheet," Saylor noted.
The Mag8 seems to be Saylor's enhanced version of the well-known Magnificent Seven, which comprises Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla. He has included SpaceX as the eighth entity following its monumental $1.75 trillion IPO, the largest public offering ever.
Both Tesla and SpaceX, the Musk-led companies in this group, had already included bitcoin in their assets before the IPO took place.
As of now, SpaceX ranks as the eighth-largest public bitcoin holder, with 18,712 BTC, according to BitcoinTreasuries.net. Tesla holds 11,509 BTC, while Strategy maintains a leading position with a total of 845,256 BTC valued at over $54 billion.
Bitcoin NewsLatest Crypto News- 1Crypto should adopt the best of centralization, says LMAX CEO 1 hour ago
- 2Ripple wants AI agents to pay in XRP and RLUSD. The market is still mostly USDC2 hours ago
- 3Top cryptographers can't agree on Bitcoin's biggest quantum question7 hours ago
- 4Anthropic's pre-IPO shares fall as US government shuts down its most powerful AI model7 hours ago
- 5Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue8 hours ago
- 6SpaceX IPO scramble reveals difference between tokenizing a stock and getting one8 hours ago
- 7Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst 19 hours ago
- 8VanEck bets BNB’s real-world usage can stand out in a crowded crypto ETF market21 hours ago
- 9Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut22 hours ago
- 10Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows22 hours ago
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
By CoinDesk ResearchJun 12, 2026Commissioned byio.netio.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
Why it matters:
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
View Full ReportMore From Markets