How SpaceX’s 18,712 bitcoin holding could rewrite corporate crypto adoption (opens original article in a new tab)

SpaceX's $2.1 trillion IPO includes 18,712 bitcoins valued at $1.29 billion as a strategic reserve, influencing corporate crypto adoption and reporting practices.

• SpaceX's IPO valued it at $2.1 trillion with 18,712 bitcoins worth $1.29 billion as a strategic reserve.
• SpaceX holds bitcoin as part of its corporate reserves, marking a shift in corporate crypto adoption.
• SpaceX's bitcoin holdings will be reported quarterly under fair-value accounting rules, affecting earnings volatility.