SpaceX's massive BTC hoard

SpaceX officially filed its S-1 with the SEC yesterday, confirming plans for what could become the largest IPO in history. The filing revealed for the first time that the company holds 18,712 BTC purchased for roughly $661 million at an average price of about $35,320 per coin. At current prices near $77,000, the position is worth approximately $1.45 billion, placing SpaceX among the top 10 corporate bitcoin holders globally. Read more →

Blockchain.com, one of the crypto industry's oldest companies, has confidentially filed for an IPO with the SEC. The firm, founded in 2011, expects to go public before the end of 2026, joining the growing list of crypto companies entering waiting for the opportune moment to get public. Blockchain.com supports over 95 million wallets and 43 million confirmed accounts. The company at one point in 2022 raised money at a $14 billion valuation, but later in 2023 raised at a rumored ~4.3 billion valuation. Read more →

Hyperliquid ETFs logged $25.5 million in net buying yesterday, exceeding the first five days' combined inflows and dwarfing the token's daily supply reduction. HYPE is now trading north of $60, up 20% as Bitwise committed 10% of ETF fees to buying the token on its balance sheet. Read more →

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