It turns out that Elon Musk's company SpaceX is selling its bitcoins

It turns out that Elon Musk’s company SpaceX is selling its bitcoins

It was learned that Elon Musk’s space company SpaceX sold $373 million worth of bitcoins in 2021 and 2022 on its balance sheet.

SpaceX is known to have bitcoin on its balance sheet, but no details were given about the amount. Elon Musk announced that the space company also has bitcoin for the first time at “The B Word” event he attended on July 21, 2021, but he refrained from giving numbers. Documents obtained by The Wall Street Journal showed the company held $373 million worth of BTC and sold them. It is not clear when these sales were made. Given that the balance sheet figures are for the first quarter, the SpaceX sale should have been completed by last April.

Elon Musk followed a similar path in his other company, Tesla. Tesla, which bought $1.5 billion worth of bitcoins in 2021, sold 75 percent of them last year. It is possible that the sale of SpaceX also took place during this period.

On the other hand, examining SpaceX’s balance sheet, The Wall Street Journal found that the company posted a profit of $55 million in the first quarter of 2023 with revenue of $1.5 billion. The private company, which was not listed on the stock exchange, was running at a loss for two years. It has snowed for the first time after a period of two years.

It was published:

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