Michael Saylor Cheers 25% of the Mag8 Now Holding Bitcoin

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Strategy Executive Chairman Michael Saylor celebrated SpaceX’s public market debut by pointing to what he called another milestone for corporate Bitcoin (BTC) adoption. In a post on X, Saylor congratulated Elon Musk on the company’s historic IPO and noted that one-quarter of the so-called Mag8 companies now hold Bitcoin on their balance sheets. The comment highlights how Bitcoin treasury strategies continue spreading among some of the world’s largest technology firms.

Saylor Celebrates SpaceX’s Bitcoin Milestone

Following SpaceX’s IPO, Saylor wrote on June 13:

“Congratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.”

His calculation refers to two of the eight companies in the “Magnificent Eight” group now reportedly holding Bitcoin as a treasury asset, representing 25% of the group.

Saylor didn’t elaborate further, but the post underscores his long-standing view that corporate Bitcoin adoption continues to accelerate as more major companies add BTC to their balance sheets.

Corporate Bitcoin Adoption Continues to Expand

Saylor has spent years advocating for companies to hold Bitcoin as a treasury reserve asset rather than keeping excess cash in traditional currencies. Under his leadership, Strategy became the world’s largest corporate Bitcoin holder, a move that has inspired numerous public companies to adopt similar strategies.

The addition of another major technology company to the list of corporate Bitcoin holders reinforces a trend that has gained momentum over the past several years, particularly as institutional interest in digital assets has continued to grow.

Meanwhile, BTC is trading at $65,595.69, which indicates a 1.9% increase in the last 24 hours, a gain of 3.8% over the past seven days, and a loss of 16.2% across the month, per the latest price chart information.

Though many large corporations still avoid holding cryptocurrencies directly, Saylor’s latest post suggests he sees the expansion of Bitcoin treasuries among leading technology companies as another step toward wider mainstream adoption.

The post Michael Saylor Cheers 25% of the Mag8 Now Holding Bitcoin appeared first on TechGaged.com.