SpaceX Holds More Bitcoin Than Previously Thought
SpaceX has disclosed that it holds 18,712 bitcoin, valued at approximately $1.45 billion, according to a recent SEC filing. This amount is significantly higher than previous estimates, which suggested the company held around 8,000 bitcoin. The company's bitcoin holdings are expected to position it as the seventh-largest corporate bitcoin holder following its upcoming IPO.
- ▪SpaceX's bitcoin holdings are worth around $1.45 billion.
- ▪The company first built its bitcoin position in 2021 during the crypto surge.
- ▪SpaceX's stash exceeds that of Coinbase by over 2,000 bitcoin.
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In a filing with the U.S. Securities and Exchange Commission (SEC), SpaceX has revealed that it holds 18,712 bitcoin, currently worth around $1.45 billion. Although Elon Musk previously revealed that SpaceX held bitcoin on its balance sheet, the exact amount was unknown, and blockchain trackers had largely underestimated the company’s total holdings.cnx.cmd.push(function(){cnx({"playerId":"92b7b46b-43ed-4e0e-b21b-2c999302d9d7","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.gizmodo.com/article","CHILD_UNIT":"article","POST_ID":"2000762104","POST_TYPE":"post","CHANNEL":"tech","SECTION":"cryptocurrencies","SUBSECTION":"","CATEGORIES":"cryptocurrencies","TAGS":"elon-musk,spacex","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); SpaceX is thought to have first…
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