SpaceX, the aerospace company led by Elon Musk, reportedly reduced the recorded worth of its bitcoin holdings by a combined sum of $373 million during the years 2020 and 2021. This financial insight into the company's operations was revealed in documents cited by the Wall Street Journal in a report on Thursday.
Elon Musk’s SpaceX sold all its $373 million Bitcoin from 2021,
8/17/2023
According to the same report, SpaceX also engaged in the sale of bitcoin; however, the exact amount or timing of these sales was not specified.
In 2021, Elon Musk mentioned during a discussion that SpaceX had a stake in bitcoin. However, due to the private nature of the company, the exact extent of their bitcoin ownership remained undisclosed at that time.
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