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Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin

Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin

Hex37's read

  • Michael Saylor thanked Elon Musk for influencing "Mag8" firms.
  • 25% of "Mag8" companies now hold Bitcoin on their balance sheets.
  • Saylor's comments were made following SpaceX's IPO debut.

What it means for traders

  • Increased corporate Bitcoin holdings can signal growing institutional adoption.
  • Potential for further Bitcoin adoption by large tech firms influenced by Musk.

Affected markets

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