Cryptocurrency Q&A Did SpaceX write down its bitcoin?

Did SpaceX write down its bitcoin?

Chiara Chiara Wed Jul 10 2024 | 5 answers 1041
In recent financial news, there has been much speculation surrounding the potential involvement of SpaceX, the leading space exploration company, in cryptocurrency investments. With the increasing popularity and value of digital currencies, especially Bitcoin, the question arises: Did SpaceX write down its Bitcoin holdings? This inquiry aims to uncover whether the space giant has followed the trend of major corporations investing in the volatile yet lucrative cryptocurrency market. The answer could potentially reveal insights into SpaceX's financial strategies and its willingness to diversify its assets in a rapidly evolving digital economy. Did SpaceX write down its bitcoin?

5 answers

Moonshadow Moonshadow Fri Jul 12 2024
The downward trend followed a tumultuous hour of trading late on Thursday, during which the token plummeted by almost 8 per cent.

Was this helpful?

349
26
DigitalDynastyQueen DigitalDynastyQueen Fri Jul 12 2024
The leading cryptocurrency token faced significant losses on Friday, declining by 5.1 per cent.

Was this helpful?

339
33
JejuSunshineSoul JejuSunshineSoul Thu Jul 11 2024
The sharp fall in value coincided with a report in the Wall Street Journal that SpaceX had marked down its bitcoin holdings by a staggering $373 million over the past two years.

Was this helpful?

132
64
Caterina Caterina Thu Jul 11 2024
The revelation sparked concerns among investors, who feared that the company's decision to sell some of its coins might further undermine the already volatile cryptocurrency market.

Was this helpful?

141
57
Claudio Claudio Thu Jul 11 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients. These include spot trading, futures contracts, and a secure digital wallet solution.

Was this helpful?

80
20

|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