Michael Saylor, co-founder of Strategy, the world’s largest publicly traded bitcoin holder, has a new term for Wall Street’s most elite stocks and a congratulatory message for Elon Musk.
After SpaceX’s historic Nasdaq debut on Friday, the strategy chairman took to X to congratulate Musk, noting that with SpaceX now public, 25% of what he calls the “Mag8” companies now have bitcoin on their balance sheets.
“Thanks to you, 25% of Mag8 now has bitcoin on balance,” Saylor wrote.
Mag8 appears to be Saylor’s expanded version of the widely used Magnificent Seven group, which includes Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla. He has added SpaceX as the eighth member following its $1.75 trillion IPO, the largest public offering in history.
Both Tesla and SpaceX, the two Musk-led companies in the group, already had bitcoin on their balance sheets before the IPO.
SpaceX is already the eighth largest public bitcoin holder with 18,712 BTC on its balance sheet, according to BitcoinTreasuries.net. Tesla, meanwhile, has 11,509 BTC.
Strategy remains the leader with a coin supply of 845,256 BTC worth over $54 billion.
