SpaceX IPO Looms: Will It Sell Its $1.5 Billion Bitcoin Holdings?
— Invezz
SpaceX's potential Bitcoin sales after IPO could raise institutional supply in crypto markets.
SpaceX revealed holding 18,712 Bitcoin worth about $1.5 billion in its IPO filing and may sell some after going public.
- SpaceX disclosed 18,712 BTC at an average buy price of $35,320 per coin.
- Its Bitcoin holdings surpass Tesla's 11,509 BTC and previous estimates.
- Public listing brings regulatory scrutiny, increasing likelihood of Bitcoin sales over further purchases.
Post-IPO governance and capital needs could prompt SpaceX to liquidate Bitcoin holdings, potentially increasing institutional supply pressure on BTC.