🚀 SpaceX is now trading on the stock market... and it's also a Bitcoin giant

Today, SpaceX (SPCX) debuted on Nasdaq.

Those who got in on the IPO at $135 are up +30% (trading at $175).

A blazing start 🔥

But there's another interesting story within the company's balance sheet:

SpaceX accumulated 18.712 $BTC a at an average price of $35.320
{spot}(BTCUSDT)

Today, those Bitcoins are worth approximately $1.19 billion, generating an unrealized gain of +$530 million (+80% since purchase).

In the treasury:
- Before the IPO: they represented almost 8% of their cash (~$16 billion).

- After the IPO: now they only account for 1.3% of a massive treasury of over $90 billion

A smart play by Elon and his team: having exposure to Bitcoin as a hedge while they build the future in space.

By buying the stock, you minimally expose yourself to BTC performance.

#SpaceX #Bitcoin #IPO #Musk