Michael Saylor, the Executive Chairman of MicroStrategy, publicly congratulated Elon Musk on June 13, 2026, after SpaceX filings revealed the aerospace giant holds 18,712 BTC on its balance sheet.
The disclosure, surfaced through an S-1 registration statement filed with the Securities and Exchange Commission (SEC), confirms SpaceX as one of the largest corporate holders of the cryptocurrency. With an average purchase price of $35,320 per coin, the company is currently sitting on a paper gain of approximately $540 million.
The revelation comes as SpaceX completes its historic debut on the Nasdaq exchange under the ticker SPCX. The initial public offering (IPO), which raised approximately $75 billion at a share price of $150, briefly pushed the company’s market capitalization above the $2 trillion mark.
Investors are closely watching how this massive corporate endorsement affects the broader market as the Bitcoin price faces a crucial resistance zone near the $65,000 level.
SpaceX’s S-1 filing provides rare transparency into treasury operations that were previously subject to speculation. Earlier estimates from tracking firms like Arkham suggested the company held roughly 8,285 BTC. The documented 18,712 BTC is more than double those estimates and is valued at roughly $1.45 billion based on recent filings. This positions SpaceX as the seventh or eighth-largest public holder of the digital asset globally.
Growing corporate adoption as SpaceX unveils sizable Bitcoin treasury
The decision by Elon Musk to maintain a “sizable Bitcoin treasury” reinforces a growing trend of major corporations treating digital assets as a strategic reserve. Michael Saylor has long championed this approach, transforming MicroStrategy into the world’s largest corporate holder with 845,256 BTC. By combining SpaceX’s holdings with the 11,509 BTC held by Tesla, companies under Musk’s leadership now control a combined 30,221 BTC.
This massive accumulation comes at a time when the broader market is witnessing a shift in institutional asset management. While some firms remain wary, others increasingly view Bitcoin as a hedge against currency debasement. Interestingly, Bitcoin supply on exchanges hits 6-year low as 500,000 BTC exit venues, suggesting that large-scale buyers like SpaceX are moving their assets into long-term cold storage.
SpaceX’s S-1 registration statement shows the company spent a total of $661 million to acquire its Bitcoin position, starting in early 2021. This disciplined accumulation resulted in a portfolio value of approximately $1.29 billion as of March 31, 2026. The success of this strategy likely emboldened the company to maintain its holdings even through the market’s more turbulent periods over the last few years.
Market reaction and the path to the sixty-five thousand level
Bitcoin’s price responded positively to the news, climbing over 1% in the 24 hours prior to June 13, 2026. Traders are now debating whether this influx of corporate validation can provide the momentum needed to clear the $65,000 resistance. This specific price point has proven a difficult hurdle, frequently acting as a ceiling for recent rallies during June.
Market analysts suggest that the SpaceX IPO serves as a proxy for digital asset interest in the traditional finance sector. Those hesitant to buy the cryptocurrency directly can now gain indirect exposure through SpaceX’s stock. This institutional bridge is essential as Bitcoin signals indicate shifting market structure that could lead to a broader breakout later in 2026.
The timing of the disclosure is also significant for upcoming index inclusions. SpaceX is scheduled to join the Russell 1000 and Russell Top 200 on June 26, 2026, followed by inclusion in MSCI standard and large-cap indexes on June 29. These moves will force institutional funds to buy the stock, indirectly increasing the number of retirement accounts with exposure to SpaceX’s Bitcoin treasury.
Future outlook for SpaceX and Bitcoin price prediction
The capital raised through the IPO is earmarked for ambitious projects including Starlink, orbital data centers, and Mars colonization. SpaceX is targeting a $28.5 trillion opportunity spanning AI, connectivity, and space exploration. By holding Bitcoin on its balance sheet, the company essentially links its long-term treasury health to the performance of the leading digital asset.
However, the road ahead is not without obstacles for the Bitcoin price. While the SpaceX debut was a success, with shares closing at $160.95—up 19% from the $135 IPO price—broader economic factors still weigh on the crypto market. Some traders remain cautious, noting that Bitcoin targets $70,000 support only if it can successfully convert the $65,000 resistance into a floor.
The inclusion of SpaceX in the S&P 500 has been ruled out until mid-2027 at the earliest due to profitability requirements. Until then, the SPCX ticker will trade on the Nasdaq, serving as a high-profile test case for corporate Bitcoin adoption. Michael Saylor’s public endorsement of Elon Musk’s strategy suggests that the alliance between tech giants and digital assets is only becoming more entrenched.