2366: $1T Bitcoin Milestone - The Biggest IPO Holds BTC

**Justin Verrengia** (0:00)
Of course, anyone can buy Bitcoin. Keeping it is the hard part. SpaceX had every reason to sell it, and they didn't. Check this out. A $1 trillion Bitcoin milestone just happened. Not because Bitcoin hit a new high, and not because a government bought it, but because the largest IPO in history just revealed a $1.18 billion Bitcoin position. That matters. Not because of the amount, but because of what it represents. For years, Bitcoin was treated like a trade, a speculation, a gamble. Something you bought hoping to sell higher, but something is changing. More companies are no longer treating Bitcoin as a trade. They're treating it as a strategic reserve asset, and that is a very different conversation. Think about what that means. A strategic reserve asset isn't something you buy on Monday hoping to sell on Friday. It's something you hold, something you protect, something you keep on the balance sheet because you believe it will matter years from now. And that is the signal, not that SpaceX bought Bitcoin, but that it kept Bitcoin. The real story is that Bitcoin survived the scrutiny, the audits, the lawyers, the accountants, the regulators. And after all of that, it remained on the balance sheet. That tells you something, because companies don't accidentally hold 1.18 billion of anything. Every position must justify its existence, especially after becoming public, especially when the entire world is watching. And yet Bitcoin is still there, not hidden, not removed, not sold, still there. That is the signal, because every cycle Bitcoin gains another layer of legitimacy. First, retail investors, then hedge funds, then public companies, then ETFs, nation-states, countries, and now the largest IPO in history, publicly holding Bitcoin as a reserve asset. The line keeps moving, and the critics keep moving it. First, they said Bitcoin would fail. Then they said institutions would never buy it. Then they said serious companies would never hold it. Now one of the most valuable companies on earth is treating Bitcoin as a strategic reserve asset that changes the convo. Because once Bitcoin is viewed as a reserve asset, the question changes. The question is no longer, will Bitcoin survive? The question becomes, who is next? And that is where things get interesting. People who make money look for what worked. And few companies have worked better than SpaceX. In fact, here's a real life example. $10,000 invested in SpaceX funding round in October of 2010 would be worth approximately $18 million today.
That's extraordinary. But here's the crazy part. $10,000 invested into Bitcoin October 2010 would be worth roughly $9 billion today, not million, billion. This is the point most people miss. When investors make money, they don't stop investing. They look for the next opportunity, the next winner, the next place to put their capital. And that is why Strategy CEO Feng Li believes the SpaceX IPO will trigger a $500 billion rotation into Bitcoin. Because success attracts attention, and attention attracts capital. That is how adoption works. Not all at once, gradually, then suddenly. One balance sheet at a time, one treasury at a time, one company at a time, until everyone looks around and realizes the rules changed. The question is no longer, why does SpaceX own Bitcoin? The question is, how many companies are already thinking about doing the same thing?
Forget the Bitcoin price for a minute. The bigger story is what SpaceX didn't do. Check it out. SpaceX reveals 1.18 billion Bitcoin stash, disclosing holding 18,712 Bitcoin in its SEC filing, making it the world's eighth largest public Bitcoin holder. Combined with Tesla's 11,509 BTC, Elon's companies control 30,221 Bitcoin, worth roughly $1.9 billion.
And here it shows you the largest corporate holdings of Bitcoin in the world. Obviously, strategy has pulled position with 845,256.
There's no one even remotely close in second place, which is 21 at 43,000 and Metaplanet at 40,000, followed by Mera at 35,000 and SpaceX and Tesla combined at number five position with 30,221 BT to the C. Now here's Elon celebrating at the NASDAQ, ringing the bell. I can't play the audio clip because there's music in it, which will get me a copyright strike. But the bottom line is the largest IPO in history holds Bitcoin, and that is phenomenal. This is absolutely crazy.
I want you to really let this sink in. 10,000 invested in the SpaceX funding round in October 2010 is now worth 18 million today. Again, pretty phenomenal results. However, 10,000 invested into Bitcoin the same month at the same time is worth $9 billion today. So I ask you the question, what's a better investment, SpaceX or Bitcoin? The answer is obvious. Elon officially becomes the world's first trillionaire. They're saying his net worth is now approximately $1.1 trillion following the SpaceX IPO.