Bitcoin: 25% of Mag8 companies now hold BTC according to Saylor

SpaceX's historic IPO has reignited the debate over the place of digital assets on the balance sheets of major technology companies. After this well-attended operation, Saylor congratulated Elon Musk and highlighted a striking figure: 25% of Mag8 companies now hold Bitcoin in their treasury. This statement places BTC at the center of the financial strategies of technology giants.

Saylor links SpaceX IPO to the rise of crypto treasuries

Michael Saylor reacted publicly after SpaceX entered the public markets. In a message published on X on June 13, the executive chairman of Strategy congratulated Elon Musk and SpaceX for this operation. It also made a direct link to the growing presence of digital assets on the balance sheets of large companies.

According to Saylor, this IPO changes the way the technology sector is read. It shows that very large capitalization companies are no longer limited to classic cash flow models. Now, some of them also include Bitcoin as a strategic asset.

The SpaceX operation generated particularly high figures which illustrate the extent of investor interest and the valuation achieved by the company:

• $75 billion: expected initial value of the offering;
• $350 billion: total recorded demand;
• 2,100 billion dollars: valuation reached by SpaceX.

This dynamic has strongly strengthened SpaceX's position in global financial markets. It also helped increase attention around Elon Musk, now considered a central figure in the global tech ecosystem.

In this context, Saylor presented SpaceX as a new Mag8 player. This group expands the Magnificent Seven, made up of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. With SpaceX, this category now reflects a new technological hierarchy, where industrial innovation meets financial markets.

Bitcoin becomes a visible asset on the balance sheets of large groups

The presence of Bitcoin in corporate treasuries no longer only concerns a few specialized companies. It now affects listed groups, private companies, crypto platforms, miners and balance sheet-focused vehicles. This development gives BTC broader visibility in corporate finance.

A ranking recently released indicates that the top 100 BTC treasuries together hold 1,258,090 units. Among the most mentioned names are Strategy, Tesla, SpaceX, Coinbase, Riot Platforms, Block, Galaxy Digital and Hut 8. This list shows a growing diversity of players with exposure to this asset.

Strategy remains the largest company holder. The company holds 845,256 BTC on its balance sheet. It financed its acquisitions through several instruments, including debt, equity and preferred stock. Thus, its model remains closely observed by the markets.

Tesla and SpaceX are also among the significant holders. Tesla holds 11,509 BTC, while SpaceX owns 18,712, worth an estimated $1.2 billion at current prices. Saylor included these two companies in his Mag8 framework, which reinforces their symbolic role in this trend.

Market risks remain at the center of discussions

However, this rise in crypto treasuries comes with several financial questions. Analysts especially monitor debt, dividend obligations and the risk of forced selling during weak markets. These elements can weigh on companies with high exposure to BTC.

Charles Edwards, founder of Capriole Investments, previously warned that “ some bitcoin cash companies are taking on debt at record levels, and that their unsustainable business model is incentivized to rely on debt to generate false returns “.

For its part, Grayscale indicated that Strategy could encounter limits in its future purchases if market conditions deteriorate. Saylor, however, continues to present this asset in an institutional framework. He distinguishes four main visions: the maximalists, the capitalists, the technologists and the fundamentalists. This reading grid places BTC as business capital, bank guarantee, national reserve and market infrastructure.

In the short term, SpaceX's entry into the public markets could maintain attention on the crypto treasuries of large groups. Investors will especially monitor the ability of these companies to manage their exposure to BTC, their debt and their reserves in an environment that is still sensitive to market variations.