SpaceX Reports $540 Million Losses on Bitcoin Holdings in Q2 — Elon Musk-Led Rocket Company Didn't Sell Any
Space Exploration Technologies Corp. didn't sell any of its Bitcoin in the second quarter, but the position suffered a sizable unrealized loss.
SpaceX owns Bitcoin that lost $540 million in value during the quarter, but the company chose not to sell it. When a company holds an investment that drops in value, it's worth noticing whether they think the price will bounce back or if they're just staying patient.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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