Strive has barely just got going when it’s already being outmatched and pushed down—an age of institutional coin hoarding and ruthless, cutthroat infighting has officially begun.

According to BitcoinTreasuries, Elon Musk's aerospace company SpaceX has publicly disclosed for the first time in its S-1 listing application filed with the U.S. Securities and Exchange Commission (SEC) that it holds 18,712 BTC on its corporate balance sheet. At the current price of approximately $77,500 per coin, this asset is valued at about $1.45 billion. SpaceX plans to go public on June 12, and after the listing is completed, it will surpass Coinbase, Strive, and Musk's other publicly traded company Tesla (which currently holds 11,509 BTC), becoming the seventh-largest publicly traded company holding Bitcoin worldwide.