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

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

Elon Musk revealed that SpaceX holds Bitcoin on its balance sheet in 2021 but the exact

amount of company’s holdings remain unknown.

SpaceX’s Bitcoin write-down 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.

Elon Musk revealed in 2021 that SpaceX holds Bitcoin, as does Tesla, on their balance sheet.

Leave a Reply

Your email address will not be published. Required fields are marked *