SpaceX Sets Record IPO, Pressures Crypto Markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Fool
- Record IPO: SpaceX's debut on Nasdaq marks the largest IPO ever at $75 billion, valuing the company near $1.75 trillion, which is expected to significantly impact the crypto market.
- Crypto Market Pressure: As SpaceX goes public, investors may shift funds away from crypto assets, with Bitcoin experiencing a 21% drop over the past 30 days, indicating weakened confidence in cryptocurrencies.
- Capital Flow Trends: While some funds from SpaceX's IPO might rotate back into Bitcoin and Ethereum, the overall role of crypto as a funding source may diminish, especially with upcoming listings from OpenAI and Anthropic.
- Investor Strategy Adjustment: In the current bear market for crypto, investors are advised against hastily selling their cryptocurrencies and should instead look for deeper discounts to increase their holdings when prices dip.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MSTR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 120.150
Low
229.00
Averages
453.17
High
705.00
Current: 120.150
Low
229.00
Averages
453.17
High
705.00
About MSTR
Strategy Inc. is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. Its Software Business segment is engaged in the design, development, marketing, and sales of enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services. Its Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, public sector, and others. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SpaceX IPO to Drain Liquidity from Crypto Market
- IPO Market Pressure: SpaceX is set to debut on Nasdaq with a record $75 billion raise, valuing the company at nearly $1.75 trillion, which will compel investors to liquidate assets, particularly in the crypto sector.
- Bitcoin Depreciation: Bitcoin has lost about 50% of its value since October 2025, with a 21% drop in the last 30 days, indicating a lack of confidence in crypto assets, which may exacerbate capital outflows.
- Liquidity Shift: The crypto market is viewed as a 'funding currency' due to its 24/7 trading nature, allowing rapid capital movement, and the upcoming IPO season may intensify selling pressure on crypto assets.
- Uncertain Future Outlook: While some funds may rotate back into Bitcoin or Ethereum post-SpaceX IPO, the overall preference for cryptocurrencies has significantly diminished, prompting investors to approach the forthcoming IPO wave with caution.
See More
Michael Saylor Introduces New Metrics for Bitcoin Treasury Evaluation
- Introduction of New Metrics: Michael Saylor of Strategy has introduced two new metrics, BPS and CEBE BPS, to evaluate whether a Bitcoin treasury company can outperform Bitcoin itself, with BPS indicating Bitcoin per share and CEBE BPS factoring in company debts for a more comprehensive financial perspective.
- Amplification Effect Analysis: Saylor noted that the gap between BPS and CEBE BPS, termed 'Amplification', can widen when a company borrows to purchase Bitcoin; if the debt is low-cost and long-term, it may enhance shareholder returns, whereas high-cost, short-term liabilities could lead to underperformance.
- Capital Cost Test: Saylor proposed a straightforward benchmark: if Bitcoin's annualized return exceeds the company's cost of capital, a well-capitalized Bitcoin treasury company should outperform Bitcoin, providing investors with a practical tool for assessing financial health.
- Market Reaction: Despite MSTR's stock rising by 0.33% in after-hours trading, retail sentiment on Stocktwits remains in the 'bearish' zone, indicating cautious investor sentiment regarding the company's future performance and concerns over its financial leverage.
See More
SpaceX Sets Record IPO, Pressures Crypto Markets
- Record IPO: SpaceX's debut on Nasdaq marks the largest IPO ever at $75 billion, valuing the company near $1.75 trillion, which is expected to significantly impact the crypto market.
- Crypto Market Pressure: As SpaceX goes public, investors may shift funds away from crypto assets, with Bitcoin experiencing a 21% drop over the past 30 days, indicating weakened confidence in cryptocurrencies.
- Capital Flow Trends: While some funds from SpaceX's IPO might rotate back into Bitcoin and Ethereum, the overall role of crypto as a funding source may diminish, especially with upcoming listings from OpenAI and Anthropic.
- Investor Strategy Adjustment: In the current bear market for crypto, investors are advised against hastily selling their cryptocurrencies and should instead look for deeper discounts to increase their holdings when prices dip.
See More
Bitcoin Sell-Off and Market Sentiment Analysis
- Bitcoin Price Decline: Bitcoin has dropped approximately 21% over the past month, driven by ETF capital outflows and persistently grim market sentiment, which has weakened investor confidence in this established cryptocurrency.
- ETF Outflows: Spot Bitcoin ETFs have seen outflows of $4.4 billion over 13 consecutive trading days since their launch in 2024, marking the longest outflow streak in history and indicating a decline in market demand for Bitcoin.
- Macroeconomic Impact: Rising inflation and increasing geopolitical uncertainty have dampened investor interest in Bitcoin, particularly as the stock market thrives on hype surrounding AI stocks and an upcoming IPO season.
- Investment Value of Bitcoin: Despite short-term demand weakness, Bitcoin's supply remains capped at 21 million BTC, making it a sound investment strategy to hold Bitcoin long-term, especially as market sentiment is expected to recover.
See More
Bitcoin Faces Growing Crisis of Confidence
- ETF Outflows: Bitcoin ETFs have experienced outflows of $4.4 billion over the past 13 trading sessions, marking the longest streak since their launch in 2024, indicating a significant decline in market confidence that could prompt further investor exits.
- Declining Demand Context: Amid rising inflation and increasing geopolitical uncertainty, traditional investors are showing markedly lower demand for Bitcoin, particularly as the stock market is buoyed by excitement around AI stocks and an upcoming IPO season, making Bitcoin sales more challenging.
- Market Sentiment Recovery: Despite recent weak demand, the buyer base for Bitcoin has not entirely vanished, and historically, sentiment has shown strong recovery capabilities, especially for such a resilient asset, making long-term holding a reasonable investment strategy.
- Scarcity Assurance: Bitcoin's total supply remains capped at 21 million coins, with new issuance set to halve as scheduled, ensuring its scarcity; thus, despite facing short-term pressures, holding Bitcoin continues to be a consideration for long-term investors.
See More
Bitcoin Down 21% in a Month: Is It Still Worth Holding Forever?
- ETF Outflows: Bitcoin exchange-traded funds (ETFs) have experienced outflows of $4.4 billion over 13 consecutive sessions, marking the longest outflow streak since their launch in 2024, indicating extreme bearish sentiment that could exert ongoing pressure on Bitcoin prices.
- Weak Demand: While Strategy reported purchasing 1,550 BTC on June 8, other ETF issuers also bought Bitcoin, suggesting that although demand has weakened, it has not completely vanished, which may affect investor confidence and market activity.
- Macro Economic Impact: Rising inflation and increasing geopolitical uncertainty have made selling Bitcoin more challenging, as the excitement in traditional markets diminishes investor interest in this aging cryptocurrency, impacting its long-term investment appeal.
- Scarcity of Bitcoin: Despite facing short-term market fluctuations, Bitcoin's supply remains capped at 21 million, and its new issuance will halve as scheduled, ensuring its long-term value; investors should remain patient and consider regular small purchases to navigate market volatility.
See More
SpaceX IPO to Drain Liquidity from Crypto Market
- IPO Market Pressure: SpaceX is set to debut on Nasdaq with a record $75 billion raise, valuing the company at nearly $1.75 trillion, which will compel investors to liquidate assets, particularly in the crypto sector.
- Bitcoin Depreciation: Bitcoin has lost about 50% of its value since October 2025, with a 21% drop in the last 30 days, indicating a lack of confidence in crypto assets, which may exacerbate capital outflows.
- Liquidity Shift: The crypto market is viewed as a 'funding currency' due to its 24/7 trading nature, allowing rapid capital movement, and the upcoming IPO season may intensify selling pressure on crypto assets.
- Uncertain Future Outlook: While some funds may rotate back into Bitcoin or Ethereum post-SpaceX IPO, the overall preference for cryptocurrencies has significantly diminished, prompting investors to approach the forthcoming IPO wave with caution.
See More
Michael Saylor Introduces New Metrics for Bitcoin Treasury Evaluation
- Introduction of New Metrics: Michael Saylor of Strategy has introduced two new metrics, BPS and CEBE BPS, to evaluate whether a Bitcoin treasury company can outperform Bitcoin itself, with BPS indicating Bitcoin per share and CEBE BPS factoring in company debts for a more comprehensive financial perspective.
- Amplification Effect Analysis: Saylor noted that the gap between BPS and CEBE BPS, termed 'Amplification', can widen when a company borrows to purchase Bitcoin; if the debt is low-cost and long-term, it may enhance shareholder returns, whereas high-cost, short-term liabilities could lead to underperformance.
- Capital Cost Test: Saylor proposed a straightforward benchmark: if Bitcoin's annualized return exceeds the company's cost of capital, a well-capitalized Bitcoin treasury company should outperform Bitcoin, providing investors with a practical tool for assessing financial health.
- Market Reaction: Despite MSTR's stock rising by 0.33% in after-hours trading, retail sentiment on Stocktwits remains in the 'bearish' zone, indicating cautious investor sentiment regarding the company's future performance and concerns over its financial leverage.
See More
SpaceX Sets Record IPO, Pressures Crypto Markets
- Record IPO: SpaceX's debut on Nasdaq marks the largest IPO ever at $75 billion, valuing the company near $1.75 trillion, which is expected to significantly impact the crypto market.
- Crypto Market Pressure: As SpaceX goes public, investors may shift funds away from crypto assets, with Bitcoin experiencing a 21% drop over the past 30 days, indicating weakened confidence in cryptocurrencies.
- Capital Flow Trends: While some funds from SpaceX's IPO might rotate back into Bitcoin and Ethereum, the overall role of crypto as a funding source may diminish, especially with upcoming listings from OpenAI and Anthropic.
- Investor Strategy Adjustment: In the current bear market for crypto, investors are advised against hastily selling their cryptocurrencies and should instead look for deeper discounts to increase their holdings when prices dip.
See More
Bitcoin Sell-Off and Market Sentiment Analysis
- Bitcoin Price Decline: Bitcoin has dropped approximately 21% over the past month, driven by ETF capital outflows and persistently grim market sentiment, which has weakened investor confidence in this established cryptocurrency.
- ETF Outflows: Spot Bitcoin ETFs have seen outflows of $4.4 billion over 13 consecutive trading days since their launch in 2024, marking the longest outflow streak in history and indicating a decline in market demand for Bitcoin.
- Macroeconomic Impact: Rising inflation and increasing geopolitical uncertainty have dampened investor interest in Bitcoin, particularly as the stock market thrives on hype surrounding AI stocks and an upcoming IPO season.
- Investment Value of Bitcoin: Despite short-term demand weakness, Bitcoin's supply remains capped at 21 million BTC, making it a sound investment strategy to hold Bitcoin long-term, especially as market sentiment is expected to recover.
See More
Bitcoin Faces Growing Crisis of Confidence
- ETF Outflows: Bitcoin ETFs have experienced outflows of $4.4 billion over the past 13 trading sessions, marking the longest streak since their launch in 2024, indicating a significant decline in market confidence that could prompt further investor exits.
- Declining Demand Context: Amid rising inflation and increasing geopolitical uncertainty, traditional investors are showing markedly lower demand for Bitcoin, particularly as the stock market is buoyed by excitement around AI stocks and an upcoming IPO season, making Bitcoin sales more challenging.
- Market Sentiment Recovery: Despite recent weak demand, the buyer base for Bitcoin has not entirely vanished, and historically, sentiment has shown strong recovery capabilities, especially for such a resilient asset, making long-term holding a reasonable investment strategy.
- Scarcity Assurance: Bitcoin's total supply remains capped at 21 million coins, with new issuance set to halve as scheduled, ensuring its scarcity; thus, despite facing short-term pressures, holding Bitcoin continues to be a consideration for long-term investors.
See More
Bitcoin Down 21% in a Month: Is It Still Worth Holding Forever?
- ETF Outflows: Bitcoin exchange-traded funds (ETFs) have experienced outflows of $4.4 billion over 13 consecutive sessions, marking the longest outflow streak since their launch in 2024, indicating extreme bearish sentiment that could exert ongoing pressure on Bitcoin prices.
- Weak Demand: While Strategy reported purchasing 1,550 BTC on June 8, other ETF issuers also bought Bitcoin, suggesting that although demand has weakened, it has not completely vanished, which may affect investor confidence and market activity.
- Macro Economic Impact: Rising inflation and increasing geopolitical uncertainty have made selling Bitcoin more challenging, as the excitement in traditional markets diminishes investor interest in this aging cryptocurrency, impacting its long-term investment appeal.
- Scarcity of Bitcoin: Despite facing short-term market fluctuations, Bitcoin's supply remains capped at 21 million, and its new issuance will halve as scheduled, ensuring its long-term value; investors should remain patient and consider regular small purchases to navigate market volatility.
See More
