Strategy Executive Chairman Michael Saylor has expanded his definition of Wall Street’s elite stocks to include the "Mag8," marking a significant shift in corporate crypto adoption. Following SpaceX’s historic $1.75 trillion Nasdaq debut, Saylor noted that 25% of these top-tier firms now hold Bitcoin on their balance sheets.
The "Mag8" group comprises Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and the newly public SpaceX. This expansion from the traditional "Magnificent Seven" underscores the growing institutional embrace of digital assets among the world’s most valuable companies.
SpaceX joins Tesla as one of only two Musk-led entities in this cohort holding Bitcoin. According to data from BitcoinTreasuries.net, SpaceX holds 18,712 BTC, while Tesla maintains 11,509 BTC. Despite these substantial holdings, Strategy remains the dominant leader with 845,256 BTC, valued at over $54 billion.