Strategy co-founder Michael Saylor turned Tesla and SpaceX CEO Elon Musk's July 4 AI-generated patriotic video into a Bitcoin advertisement on Saturday, replying with the message 'We can still make something Ƀetter' that substituted the Bitcoin symbol for the letter B. Saylor's post responded to Musk's video of an AI-generated cover of 'God Bless USA' that garnered over 2.2 million views within hours on the holiday. The executive regularly posts Bitcoin-themed content around US holidays and frames the cryptocurrency as a tool for American economic strength, continuing a familiar promotional pattern. As of early July, Strategy holds 847,363 BTC worth approximately $52.9 billion, making it the largest corporate Bitcoin holder, while SpaceX holds 18,712 BTC valued at roughly $1.17 billion and Tesla holds 11,509 BTC worth about $718.5 million.
Strategy, SpaceX And Tesla Hold Combined $54.8 Billion In Bitcoin
As of early July, Strategy was holding 847,363 BTC, a stash worth around $52.9 billion at current prices. According to its latest SEC filing, SpaceX, which went public last month in the biggest initial public offering on record, held some 18,712 BTC worth a rough $1.17 billion, while Tesla held 11,509 BTC valued at about $718.5 million. Bitcoin was trading at $62,425.78 at the time of writing, up more than 1% in the last 24 hours.
Saylor previously congratulated Musk's SpaceX IPO, saying that the latter's Nasdaq debut means 25% of the Mag8 now holds Bitcoin. Saylor pointed to a larger set of the Magnificent Seven companies, calling it 'Mag8' instead of the more common Mag 7, in reference to Bitcoin's increasing footprint on corporate balance sheets.
Bitcoin ETF Inflows Resume After 10-Session Outflow Streak
CryptoQuant analyst Axel Adler Jr pointed out that Bitcoin has likely entered the late stage of the bear market cycle, and the ETF sector signals easing pressure for the first time. U.S. spot Bitcoin ETFs saw net inflows of $223 million in recent trading sessions, following 10 consecutive sessions of outflow, according to SoSoValue.
Bitcoin is down over 50% since its last all-time high in October. This put pressure on Strategy's Class A Common stock, which briefly dipped below 1 Market-to-Net Asset Value in late June. MSTR's price closed up over 7% on Friday. On Stocktwits, retail sentiment around MSTR stocks was in the 'extremely bullish' zone, while chatter around it changed to 'normal' from 'high' levels over the past day.
FAQ
What did Michael Saylor post on July 4?
Michael Saylor responded to Elon Musk's AI-generated patriotic video on Saturday with the message 'We can still make something Ƀetter,' substituting the Bitcoin symbol for the letter B. The post replied to Musk's video of an AI-generated cover of 'God Bless USA' that garnered over 2.2 million views within hours on the July 4 holiday.
How much Bitcoin do Strategy, SpaceX and Tesla hold?
As of early July, Strategy holds 847,363 BTC worth approximately $52.9 billion, SpaceX holds 18,712 BTC valued at roughly $1.17 billion, and Tesla holds 11,509 BTC worth about $718.5 million. Strategy is the largest corporate Bitcoin holder.
What are recent Bitcoin ETF inflow trends?
U.S. spot Bitcoin ETFs saw net inflows of $223 million in recent trading sessions, following 10 consecutive sessions of outflow, according to SoSoValue. CryptoQuant analyst Axel Adler Jr stated this signals easing pressure for the first time as Bitcoin likely entered the late stage of the bear market cycle.
