SpaceX Joins Nasdaq-100 Tomorrow, Becoming Index's Third Bitcoin Holder

SpaceX will join the Nasdaq-100 tomorrow, and in doing so it becomes the third company in the index with Bitcoin on its corporate balance sheet, alongside Elon Musk's other company, Tesla, and Michael Saylor's Strategy (MSTR).

SpaceX isn't a full Bitcoin treasury company like Strategy, but the position is far from trivial. According to our data at BitcoinTreasuries.NET, it holds 18,712 BTC, confirmed in the company's own SEC filing, which ranks it as the 8th-largest public-company Bitcoin holder in the world. Tesla carries 11,509 BTC, while Strategy sits at the top of the table by a wide margin and joined the Nasdaq-100 back in December 2024.

That's the part worth paying attention to. The Nasdaq-100 is one of the most widely held baskets of stocks in America, the default building block of countless 401(k)s, pensions, and passive portfolios tracked by funds like Invesco's QQQ. As of tomorrow, owning the index means holding indirect Bitcoin exposure through three separate companies at once, whether you wanted it or not.

This is the quiet story of Bitcoin's institutional era. Most people gaining exposure to BTC today aren't buying it directly. They're getting it through the back door, via ETFs, funds, and companies that happen to hold it, and now through the index itself. An index fund buying SpaceX for its rockets doesn't care what Bitcoin did that morning, but it ends up holding Bitcoin all the same.

With SpaceX's addition, 3% of the companies in the Nasdaq-100 now hold Bitcoin on their balance sheet, up from 2%. That share could have been higher: MercadoLibre (MELI), itself a Nasdaq-100 member, once held around 570 BTC but has since sold its entire stack. Even so, the direction of travel is clear. Bitcoin is steadily creeping into portfolios all over the world, including plenty that would never describe themselves as "crypto."