Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin ($BTC). Elon Musk’s space company disclosed 18,712 cases $BTC The company is expected to be listed on the balance sheet before going public in early June.
at present $BTC The price is around $75,954, and the holdings are worth about $1.42 billion. This represents about 0.1% of the $1.75 trillion market capitalization that SpaceX is said to be aiming for with its IPO.
What sets SpaceX apart from MicroStrategy
Grayscale divides corporate Bitcoin owners into two camps.
- Pure digital asset treasuries (DATs) like MicroStrategy hold tokens primarily as a vehicle for equity investors.
MicroStrategy Achievements $BTC The stack is currently near 843,738 coins with limited operating income outside of that position.
- SpaceX is in the second camp, along with Tesla’s Bitcoin Treasury, Coinbase, and Block.
Its rockets, Starlink network, and government space contracts generate revenue independently of the cryptocurrency market. Bitcoin reserves act as a small hedge rather than the centerpiece of the balance sheet.
This difference is important to how investors model stocks. A small but diversified business $BTC Positions involve different risks than leveraged Bitcoin proxies.
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Grayscale is expected to be adopted by more companies
The company said in a report that corporate buyers often allocate funds to Bitcoin for the same reasons as other investors. The most commonly cited motivation is portfolio diversification against fiat risk.
The asset manager’s 2026 crypto theme suggests a more diversified business following the same path in the coming years.
“SpaceX is on track to become the largest public company holding Bitcoin,” Grayscale said.
At least 100 publicly traded companies have some form of $BTC financial policy. The total number of Bitcoins currently held is approximately 1.24 million Bitcoins, which is over 5% of the total supply.
The surge in corporate adoption of Bitcoin continues to draw in companies outside of traditional finance.
MicroStrategy will still dwarf SpaceX in absolute terms. Its stack is over 45 times larger and primarily trades as a proxy for Bitcoin.
In contrast, SpaceX stock acts as a smaller item separate from its space, satellite, and AI ventures.
SPCX is scheduled to list on the Nasdaq on June 12th. Early activity in SpaceX’s pre-IPO trading market already offers traders a way to secure positions before the listing date arrives.
The article “Grayscale Reveals The One DAT That Could Beat MicroStrategy’s Bitcoin Treasury” originally appeared on BeInCrypto.
