US Edition8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX's Big Week
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8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX’s Big Week
At its peak, SpaceX sat on roughly 28,000 Bitcoin — a position then valued at around $1.8 billion. Today, that number stands at 8,285 BTC, worth approximately $574 million. The company shed nearly 70% of its original holdings over a two-year stretch that coincided with one of crypto’s worst downturns. Related Reading: UK Moves To […]
8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX's Big Week
At its peak, SpaceX sat on roughly 28,000 Bitcoin — a position then valued at around $1.8 billion. Today, that number stands at 8,285 BTC, worth approximately $574 million. The company shed nearly 70% of its original holdings over a two-year stretch that coincided with one of crypto’s worst downturns. A Treasury Quietly Cut Down In August 2023, a Wall Street Journal report based on reviewed financial documents revealed that SpaceX wrote down $37…
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