Saylor Highlights Growing Bitcoin Adoption Among Major Tech Companies After SpaceX IPO

The successful Nasdaq debut of SpaceX has drawn fresh attention to the growing role of Bitcoin in corporate treasury strategies. Following the listing, Michael Saylor noted that 25% of the companies in his newly coined “Mag8” group now hold Bitcoin on their balance sheets.

The Mag8 is an expanded version of the well-known Magnificent Seven technology stocks. Alongside Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla, the group now includes SpaceX after its record-breaking $1.75 trillion public offering.

SpaceX and Tesla Strengthen Corporate Bitcoin Trend

Both SpaceX and Tesla already held Bitcoin before the IPO, making them two of the largest corporate Bitcoin holders among major technology companies. SpaceX currently owns 18,712 BTC, placing it among the largest public corporate holders of the digital asset. Tesla holds 11,509 BTC.

The development highlights how Bitcoin continues to gain acceptance among large corporations seeking long-term treasury diversification.

Corporate Bitcoin Adoption Continues to Grow

While SpaceX and Tesla represent two members of the Mag8 holding Bitcoin, Strategy remains the largest corporate holder by a significant margin. The company owns 845,256 BTC valued at more than $54 billion.

The latest milestone reflects a broader shift as major firms increasingly view Bitcoin as a strategic balance-sheet asset and a long-term store of value.