SpaceX’s August 18 Bitcoin BTC -0.63% writedown report sparked confusion in the crypto community, who questioned whether SpaceX held $373 million worth of Bitcoin to sell between 2021 and 2022, or whether they were simply reducing their holdings Bitcoins.
Multiple social media reports said SpaceX had sold all of its BTC holdings, while some outlets expressed uncertainty, saying they could not confirm the exact amount based on the wording of the report.
Elon Musk revealed in 2021 that SpaceX holds Bitcoin on its balance sheet, as does Tesla.
While Tesla’s Bitcoin holdings are made public, SpaceX’s Bitcoin holdings are not estimated in any way, which is key to the ongoing confusion.
Tesla held $1.5 billion worth of BTC purchased during the bull market, but revealed that it had sold 72% of its holdings in the second quarter of 2022.
