According to a report from the Wall Street Journal, SpaceX, the space exploration company led by Elon Musk, wrote down the value of its bitcoin holdings by $373 million in 2020 and 2021. The report suggests that the company has also sold some of its bitcoin, although the exact amount and timing were not disclosed. This revelation provides a rare glimpse into the financials of SpaceX, which is a privately held company.
In addition to SpaceX, Tesla, another company led by Elon Musk, also owned bitcoin. In a 2021 event, Musk revealed that Tesla had invested $1.5 billion in bitcoin. However, it was reported earlier that Tesla has sold $936 million worth of bitcoin.
Elon Musk has long been involved in the cryptocurrency space and has shown support for various tokens, including Dogecoin. His comments and posts about cryptocurrencies often have a significant impact on their prices.
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