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SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report

Published Aug 17, 2023 04:00PM ET Updated Aug 17, 2023 06:00PM ET
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Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin it acquired starting in 2021.

According to an Aug. 17 report in The Wall Street Journal, SpaceX recorded $373 million worth of Bitcoin (BTC) holdings on its balance sheet in 2021 and 2022 but has since sold the crypto asset. The news outlet reportedly viewed documents on the firm’s financials showing roughly $5.2 billion in total expenses for 2022, and $5.4 billion in 2021 and 2022 for acquiring property and equipment in addition to research and development costs.

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SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
 

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Comments (6)
Gonzalo Ribeiro
Gonzalo Ribeiro Aug 18, 2023 9:09AM ET
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Buy high, sell low. Big brain move
Maximus Maximus
Maximus Maximus Aug 18, 2023 7:48AM ET
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crypto currency has no value and no future.. blockchain technology has a value and a future...
Ge K
Ge K Aug 18, 2023 7:21AM ET
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Got to love Elon. Next stop for TSLA GigaIndia times 3. Brilliant!
Barry Nickerson
Subbuilder Aug 18, 2023 5:26AM ET
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He's still holding onto his Dogies.
gab nea
gab nea Aug 18, 2023 12:47AM ET
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Elon baled after another crypto loss! does he ever make money on cryptos?
William Smith
William Smith Aug 18, 2023 12:12AM ET
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Elon baled, kiss Bitcoin goodbye.
 
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