SpaceX Bitcoin write-down sparks confusion, Bitcoiners quiz Elon Musk

United States News News

SpaceX Bitcoin write-down sparks confusion, Bitcoiners quiz Elon Musk
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Several social media outlets reported that SpaceX had sold its entire BTC holdings while others expressed uncertainty, claiming they cannot confirm it based on the wording of the report.

report on Aug. 18 sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and sold it in 2021-22 or whether they only reduced their Bitcoin exposure by the same amount.

Several social media outlets reported that SpaceX had sold its entire BTC holdings while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report.Yes, the report claims that SpaceX marked down the value of their bitcoin by 373m and sold *some*, but selling some doesn't necessarily mean they have no bitcoin left

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report By CointelegraphSpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report By CointelegraphSpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
Read more »

Elon Musk says SpaceX using Starlink to aid Maui wildfire recoveryElon Musk says SpaceX using Starlink to aid Maui wildfire recoveryThe Tesla CEO says SpaceX is providing Starlink satellites to restore internet in Maui after the devastating wildfires.
Read more »

| A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX| A Rare Look Into the Finances of Elon Musk’s Secretive SpaceXThe rocket company and satellite operator narrowed its loss to $559 million in 2022. Costs increased, but revenues rose faster.
Read more »

SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: ReportSpaceX sold $373M worth of Bitcoin acquired in 2021-2022: ReportUnder CEO Elon Musk, SpaceX reportedly recorded $373 million worth of Bitcoin on its balance sheet in 2021 and 2022, but later sold the cryptocurrency holdings.
Read more »

Elon Musk’s SpaceX hits profitability in first quarter: Wall Street JournalElon Musk’s SpaceX hits profitability in first quarter: Wall Street JournalSpaceX, the privately owned rocket company founded by X Corp. owner and Tesla Inc. chief executive Elon Musk, managed to generate a slim profit in the first...
Read more »



Render Time: 2025-02-23 05:08:57