Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin
CoinDesk 2026-06-13 13:05:40
Context: The article discusses a statement made by Michael Saylor, likely referring to his own company or a related entity, in response to Elon Musk's recent achievements, specifically SpaceX's historic IPO debut. This context suggests that Saylor is acknowledging a shift in corporate investment strategies, possibly influenced by Musk's actions or public statements.
Key Facts
- Michael Saylor stated on platform X that thanks to Elon Musk, 25% of the "Mag8" firms now hold bitcoin on their balance sheet.
- The statement was made in a congratulatory message to Elon Musk on the occasion of SpaceX's historic IPO debut.
- The term "Mag8" is used to refer to a specific group of companies, although the article does not explicitly define which companies are included in this group.
- No specific details are provided about the timing of when these companies began holding bitcoin or the exact nature of their investments.
- The article does not provide further context or details about the "Mag8" firms or their collective actions beyond this statement from Saylor.