Michael Saylor, Strategy co-founder, congratulated Elon Musk on SpaceX's Nasdaq debut, noting that 25% of his newly coined group "Mag8" now hold bitcoin on balance sheets. SpaceX became the eighth-largest public bitcoin holder with 18,712 BTC after its $1.75 trillion IPO. The Mag8 expands the Magnificent Seven to include SpaceX, joining Tesla as the second Musk-led company in the group holding bitcoin. Strategy remains the largest public holder with 845,256 BTC.

Key facts

• SpaceX debuted on Nasdaq with a $1.75 trillion IPO, largest in history.
• Michael Saylor introduced 'Mag8', adding SpaceX to Magnificent Seven.
• 25% of Mag8 firms (Tesla and SpaceX) hold bitcoin on balance sheets.
• SpaceX holds 18,712 BTC, ranking 8th among public bitcoin holders.
• Strategy leads with 845,256 BTC worth over $54 billion.

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