Michael Saylor, co-founder of Strategy, the world’s largest publicly traded Bitcoin holder, has a new mandate for Wall Street’s most elite stocks and a congratulatory message for Elon Musk.
Following SpaceX’s historic debut on Nasdaq on Friday, the strategy chairman spoke to X to congratulate Musk, noting that with SpaceX now public, 25% of what he calls “Mag8” companies now hold bitcoin on their balance sheets.
“Thanks to you, 25% of Mag8 now has bitcoin on its 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 added SpaceX as its eighth member after its $1.75 trillion IPO, the largest public offering in history.
Tesla and SpaceX, the two group companies led by Musk, already held Bitcoin on their balance sheets before the IPO.
SpaceX is already the eighth public holder of Bitcoin, with 18,712 BTC on its balance sheet, according to BitcoinTreasuries.net. Tesla, meanwhile, holds 11,509 BTC.
The strategy remains the leader with a coin supply of 845,256 BTC worth over $54 billion.
