SpaceX has disclosed it holds 18,712 bitcoin ahead of its June 12 IPO, representing more than a third of the net 43,557 BTC that public companies added to their treasuries in May. The revelation, tucked into the company's IPO filings, puts a spotlight on corporate bitcoin accumulation as the largest buyers keep stacking.
SpaceX's pre-IPO bitcoin disclosure
The aerospace firm's hoard — worth roughly $1.38 billion at current prices — is a notable chunk of the public-sector bitcoin pool. It also exceeds the May net additions from all public companies combined before accounting for sales, which totaled 43,557 BTC valued at $3.2 billion based on the May 31 reference price of $73,579.69. The disclosure lands a day before SpaceX is expected to begin trading, giving investors a clear view of the company's digital asset exposure.
Strategy: buying more than selling
Strategy remains the dominant force, acquiring 25,404 BTC in May — more than half of all public company net additions. The firm raised $1.95 billion through its STRC preferred shares, capturing 27% of trading volume in that instrument. In a rare move, it sold 32 BTC in early June, its first such sale since 2022. But CEO Michael Saylor made clear the direction: “We will buy 10 to 20 BTC for every one we sell and never be a net seller of bitcoin.” The sale amounts to just 0.004% of holdings, essentially a rounding error.
Strive pilots daily dividends
Strive added 4,443 BTC between May and June 2, boosting its holdings by 30% in a single month. It raised $276 million via SATA preferred shares, including a single-day record of $87 million. Starting June 16, Strive will pay business-day dividends daily — a first for U.S. capital markets. The move signals an effort to attract yield-focused investors who want regular payouts from a bitcoin treasury vehicle.
American Bitcoin climbs the ladder
American Bitcoin added 500 BTC last month, pushing it to No. 15 on the public bitcoin treasury leaderboard. While small compared to Strategy's haul, it's part of a broader trend: companies are treating bitcoin less as a hedge and more as an operating asset.
What comes next is the SpaceX IPO tomorrow, followed by Strive's daily dividend debut on June 16. Whether other firms mimic the dividend structure or the disclosure style remains the open question.
