#BTC
Since Musk acquired X, the value of X shares held by Fidelity's Blue Chip Growth Fund in February this year has decreased by 5.7% compared with a month ago, according to a report released on Saturday. As of February 29, the fund's X stock holdings were $5.28 million, compared with $5.6 million a month ago. Since Musk acquired X in 2022, the value of Fidelity's X shares has shrunk by 73%. This may mean that the valuation of X has also shrunk by a similar amount. It is reported that Musk acquired Twitter for $44 billion in October 2022, and Fidelity was part of the investment group that helped Musk acquire Twitter.
