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Author Topic: SpaceX’s Dumps Bitcoin Worth $373 Million!  (Read 490 times)

CoinpediaNews

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SpaceX’s Dumps Bitcoin Worth $373 Million!
« on: August 18, 2023, 08:50:35 AM »
Elon Musk’s SpaceX has just offloaded a mountain of Bitcoin, shaking the crypto landscape to its core. Here’s what you need to know.

The Big Sell-Off: Bitcoin Price Plummets to $26k
SpaceX has dumped a staggering $373 million worth of Bitcoin, causing the price to dip below $27,000, stirring concerns of a possible further decline. The Wall Street Journal’s report on August 17 unveiled SpaceX’s Bitcoin holdings recorded on its balance sheet during 2021 and 2022, amounting to $373 million.

Source - https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b

SpaceX’s substantial sale of Bitcoin holdings extends beyond a corporate choice; it’s a development that significantly influences market emotions and investor approaches. It also underscores the close connection between the cryptocurrency realm and prominent business figures.

WarrenBevan

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Re: SpaceX’s Dumps Bitcoin Worth $373 Million!
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WarrenBevan

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Re: SpaceX’s Dumps Bitcoin Worth $373 Million!
« Reply #2 on: August 29, 2023, 12:12:57 PM »
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