SpaceX’s Bitcoin Write-Down Has Brought on Confusion within the Crypto Group, however the Precise Quantity of Bitcoin Held by Musk’s Firm Is Nonetheless Unclear

SpaceX’s August 18 Bitcoin writedown report sparked confusion within the crypto neighborhood, who questioned whether or not SpaceX held $373 million value of Bitcoin to promote between 2021 and 2022, or whether or not they have been merely decreasing their holdings Bitcoins.

A number of social media studies mentioned SpaceX had offered all of its BTC holdings, whereas some retailers expressed uncertainty, saying they might not verify the precise quantity primarily based on the wording of the report.

Elon Musk revealed in 2021 that SpaceX holds Bitcoin on its steadiness sheet, as does Tesla.

Whereas Tesla’s Bitcoin holdings are made public, SpaceX’s Bitcoin holdings usually are not estimated in any means, which is vital to the continuing confusion.

Tesla held $1.5 billion value of BTC bought through the bull market, however revealed that it had offered 72% of its holdings within the second quarter of 2022.