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via CoinDesk · By CoinDesk Staff

Here's what SpaceX's IPO means for its 18,000 bitcoin (BTC) holdings

BTC

BTC/USDT

$65,829.98

+2.47%

$65,829.98

+2.47%

(24s)

24h Volume

$14,533,400,850.49

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.1%

Long: 59.1%Short: 40.9%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,872.47

▲ 0.19%

Volume (24h): -

Resistance Levels

Resistance 3$71,025.16

Resistance 2$68,137.57

Resistance 1$65,896.82

Price$65,872.47

Support 1$64,786.80

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,740.49

Trend:Downtrend

RSI (14):42.1

CoinDesk Staff

(05:00 PM UTC)

1 min read

Verified byMichael Roberts

1100 views

0 comments

Elon Musk (Getty Images)

Summary

SpaceX’s record-breaking Nasdaq debut also introduced the largest bitcoin position ever attached to an IPO, with 18,712 BTC held as a strategic cash reserve.
Unlike dedicated bitcoin vehicles such as Strategy or crypto treasury firms, SpaceX treats its roughly $1.29 billion bitcoin stake as a small, non-core holding within a $1.8 trillion valuation, potentially…

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Source

CoinDesk Staff · CoinDesk

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