Cryptocurrency Q&A Did SpaceX sell cryptocurrencies?

Did SpaceX sell cryptocurrencies?

LucyStone LucyStone Mon Sep 09 2024 | 5 answers 1087
Excuse me, could you please clarify something for me? I've been hearing rumors that SpaceX, the private space exploration company founded by Elon Musk, has been involved in the sale of cryptocurrencies. Is there any truth to this? Have they officially announced or released any cryptocurrency products or services? I'm just curious as to whether or not they've ventured into this realm of digital assets. Could you elaborate on this matter, please? Did SpaceX sell cryptocurrencies?

5 answers

Andrea Andrea Wed Sep 11 2024
According to a recent disclosure in the Wall Street Journal, SpaceX, contrary to popular belief, did not engage in a wholesale sale of its Bitcoin holdings. Instead, the company acknowledged a write-down in the value of its cryptocurrency portfolio and disclosed a strategic repositioning of its investments.

Was this helpful?

205
29
CryptoMagician CryptoMagician Wed Sep 11 2024
Musk's legal representation has vehemently denounced the ongoing lawsuit as a mere fabrication, lacking any substantial basis, and has actively pursued its dismissal.

Was this helpful?

51
93
SolitudeEcho SolitudeEcho Wed Sep 11 2024
Amidst the controversy, social media platforms erupted with speculations claiming that Musk's SpaceX had completely divested its holdings in Bitcoin. However, these assertions were swiftly countered by factual reports.

Was this helpful?

112
21
CryptoBaroness CryptoBaroness Tue Sep 10 2024
BTCC, a prominent player in the cryptocurrency ecosystem, offers a diverse range of services tailored to meet the evolving needs of investors and traders. Its comprehensive platform encompasses spot trading, enabling users to buy and sell cryptocurrencies at prevailing market prices.

Was this helpful?

377
80
Riccardo Riccardo Tue Sep 10 2024
In addition to spot trading, BTCC also boasts a robust futures trading service, providing market participants with advanced tools to hedge risks and capitalize on market movements. The platform's futures offering underscores its commitment to fostering a vibrant and dynamic trading environment.

Was this helpful?

342
37

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts