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⛓️ Crypto🔴 BearishImportance 6/10
SpaceX’s $780 million bitcoin stack now down to about $545 million ahead of IPO filing
🤖AI Summary
SpaceX's bitcoin holdings have declined from $780 million to approximately $545 million, representing a $235 million loss over three months. The company currently holds about 8,285 bitcoin in Coinbase Prime custody as it prepares for potential IPO filing.
Key Takeaways
- →SpaceX holds 8,285 bitcoin worth approximately $545 million in Coinbase Prime custody.
- →The company's bitcoin stack has lost $235 million in value over the past three months.
- →SpaceX's bitcoin holdings were previously valued at $780 million at higher price levels.
- →The decline comes as SpaceX is reportedly preparing for an IPO filing.
- →The company uses institutional custody services through Coinbase Prime for its bitcoin holdings.
Read Original →via CoinDesk
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