Michael Saylor, co-founder of Strategy, the world’s largest publicly traded bitcoin holder, has a new term for Wall Street’s most elite stocks and a congratulatory message for Elon Musk.
Following SpaceX’s historic Nasdaq debut on Friday, the Strategy president turned to
“Thanks to you, 25% of Mag8 now has bitcoins on the balance sheet,” Saylor wrote.
The Mag8 appears to be Saylor’s expanded version of the widely used Magnificent Seven group, which includes Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla. It has added SpaceX as the eighth member following its $1.75 trillion initial public offering, the largest public offering in history.
Both Tesla and SpaceX, the two companies in the group led by Musk, already had bitcoins on their balance sheets before the IPO.
SpaceX is already the eighth largest public holder of bitcoins, with 18,712 BTC on its balance sheet, according to BitcoinTreasuries.net. Meanwhile, Tesla has 11,509 BTC.
Strategy remains the leader with a coin stash of 845,256 BTC worth over $54 billion.
