Cryptocurrency Q&A
Did SpaceX write down the value of bitcoin in 2022 & 2021?
Did SpaceX write down the value of bitcoin in 2022 & 2021?
EtherealVoyager
Mon Sep 09 2024
|
7 answers
1249
Excuse me, I'm curious about a specific matter related to SpaceX and their financial dealings with cryptocurrency. Could you please clarify whether SpaceX has recorded any write-downs in the value of their Bitcoin holdings during the years 2022 and 2021? It's important to understand the company's approach to managing its investments in this volatile market, and how it might impact their overall financial health. Thank you for your attention to this matter.
7 answers
Elena
Wed Sep 11 2024
The Wall Street Journal recently released a report on Thursday detailing a significant write-down in the value of SpaceX's Bitcoin holdings.
Was this helpful?
216
78
Tommaso
Wed Sep 11 2024
According to the report, SpaceX, owned by Elon Musk, recorded a $373 million reduction in the value of its bitcoin investments over the course of 2021 and 2022.
Was this helpful?
149
40
WhisperEcho
Wed Sep 11 2024
This news sparked immediate reactions in the cryptocurrency market, with investors and traders alike taking notice of the potential implications.
Was this helpful?
75
95
CryptoElite
Wed Sep 11 2024
Shortly after the WSJ's report was published, the value of bitcoin experienced a sharp decline, dropping by 9 percent in a matter of hours.
Was this helpful?
310
88
Tommaso
Tue Sep 10 2024
CNBC, a leading financial news outlet, reported that the price of Bitcoin fell to around $26,400 just before 7 p.m. on the day of the report's release.
Was this helpful?
370
41
Load 5 more related questions
