SpaceX will become the largest diversified public company holding Bitcoin (CRYPTO: BTC) when it lists June 12, according to Grayscale Research.

SpaceX Holds 0.1% Of IPO Valuation In Bitcoin

The rocket maker’s 18,712 coins are worth roughly $1.4 billion—just 0.1% of its $1.75 trillion expected post-IPO market cap. 

That makes it a very different animal from Strategy Inc. (NASDAQ:MSTR), which holds 843,738 Bitcoin representing over 80% of its market value.

Grayscale separates corporate Bitcoin holders into two camps. Strategy operates as a pure-play Digital Asset Treasury where Bitcoin defines the whole business. 

For SpaceX, its rockets, Starlink network, and government contracts…

Read more on Benzinga