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SpaceX IPO exposes passive investors to volatile stock with $1B Bitcoin treasury.

Market News
17 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

SpaceX went public in June 2026 with a $1.77 trillion valuation and a tiny public float of 3-4%, causing extreme volatility as index funds are forced to buy large shares. The company holds nearly 19,000 Bitcoin worth over $1 billion, linking its earnings to Bitcoin price swings. This means passive investors in Nasdaq 100 ETFs gain indirect Bitcoin exposure through SpaceX, creating a uniquely volatile investment. The IPO sets a new precedent for corporate Bitcoin holdings and market impact on passive funds.

More News

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx Pharmaceutical Inc. awarded 44,409 restricted stock units to 15 newly hired non-executive officers under its Employment Inducement Plan. The grants, approved by the compensation committee, vest over four years with 25% vesting annually, co...

Company Fundamentals
Neutral
3 hours ago
Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah has announced an extraordinary general meeting of shareholders set for July 9, 2026, at its headquarters in Belgium. The meeting will discuss renewing the authorization for the board to increase the company's capital over the next five years, ...

Company Fundamentals
Neutral
3 hours ago
Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals held its Annual General Meeting on June 18, 2026, where shareholders elected all seven board nominees proposed by management with strong majority votes. Additionally, KPMG LLP was reappointed as the company's auditor for the ...

Company Fundamentals
Neutral
3 hours ago
Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe is discounting its Bianca 18k Gold-Plated Crystal Hoop Earrings to $19.98 from $86 during Amazon Prime Day 2026, running June 23-26. This 77% markdown aligns with growing consumer demand for affordable luxury jewelry, with earrings price...

Others
Neutral
4 hours ago
Wang Chun withdraws $21M in ETH and WBTC from Binance to DeFi protocol Spark

Wang Chun withdraws $21M in ETH and WBTC from Binance to DeFi protocol Spark

Wang Chun, co-founder of major Bitcoin mining pool F2Pool, moved about $20.67 million in Ethereum (ETH) and Wrapped Bitcoin (WBTC) from Binance to the Ethereum-based DeFi protocol Spark. This transfer is part of a larger pattern where Chun has moved ...

Market News
Neutral
4 hours ago
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