
SpaceX’s $85 billion IPO windfall went everywhere except Bitcoin
The company parked $76 billion in money funds and government securities while AI spending exploded but its 18,712 BTC balance stayed flat.
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Bitcoin holdings rose 0.10%, while effective common shares increased 0.13% and trimmed gross per-share exposure by about 0.03%.

The chipmaker ended June with 314 unrestricted coins after sales helped erase convertible debt and lift cash to $21 million.

Texas and federal grid reviews could reprice Bitcoin miners’ AI pipelines based on secured power, financing and construction progress.

Exchange reserves surged as users fled exposed wallets, while one analyst said spot ETFs could offer a simpler custody option.

Seven funds took in cash with none negative, yet IBIT still supplied 65.5% of the Aug. 3 total.

GameStop shareholders face two major unknowns: how much stock the company will issue and how much Bitcoin remains pledged under its options strategy.



