BUSINESSTHE BLOCK
Elon Musk’s SpaceX IPO could become bitcoin’s latest headwind
SpaceX's decision to allocate up to 30% of its IPO shares for retail investors may lead investors to divest from cryptocurrencies like Bitcoin and Ethereum. The IPO is described as a potential headwind for Bitcoin.
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- Michael Saylor's Strategy signals potential bitcoin sale to fund dividends obligations
- SpaceX holds 8,285 BTC but its IPO might suck $220B out of retail risk money
- SpaceX's $75 billion IPO could drain the liquidity that's helping lift bitcoin and crypto
- Elon Musk could become a top 5 corporate bitcoin holder if Tesla and SpaceX merge
- Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public