SpaceX’s Bitcoin Journey: Holding $373M, Then Selling in a Volatile Market 📉

#SpaceX embarked on a Bitcoin journey when Elon Musk revealed $373M holdings in 2021, aligning with Tesla's $1.5B crypto purchase.

As 2022 brought crypto market turbulence, SpaceX strategically sold its #bitcoin , timing undisclosed.

Tesla's Q2 2023 report disclosed $184M Bitcoin retention post-selling most in Q2 2022, 75% of initial investment. Musk's crypto-related tweets influenced markets; his #Twitter acquisition aimed at expanding into financial services.

SpaceX's exit from Bitcoin holdings raises questions amid evolving cryptocurrency-business dynamics.

#Binance

#crypto2023