Under CEO Elon Musk, SpaceX reportedly recorded $373 million worth of Bitcoin on its balance sheet in 2021 and 2022, but later sold the cryptocurrency holdings.
Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin it acquired starting in 2021.$373 million worth of Bitcoin holdings on its balance sheet in 2021 and 2022, but has since sold the crypto asset. The news outlet reportedly viewed documents on the firm’s financials showing roughly $5.2 billion in total expenses for 2022, and $5.4 billion in 2021 and 2022 for acquiring property and equipment in addition to research and development costs.
publicly announced in 2021 that the firm had acquired a certain amount of Bitcoin. This followed a U.S. Securities and Exchange Commission filing showing Tesla — another company co-founded by Musk — planned to purchase $1.5 billion worth of the crypto asset. The announcement likely contributed to BTC hitting a then all-time high price of more than $43,000.worth of its Bitcoin holdings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Uranium Production Up In 2022 After Reaching Record Lows In 2021Uranium concentrate (U3O8) production in the United States was nearly 10 times higher than the previous year in 2022, partly as a result of higher uranium prices. U.S. U3O8 production remained near historic lows despite operations resuming at the White Mesa Mill, the United States’ only operating conventional uranium mill. Using different processes, five facilities in the United States produced U3O8 in 2022. […]
Read more »
U.S. Energy Jobs Have Increased in Nearly Every CountyNew DOE Analysis Finds Energy Jobs Increased in 95% of U.S. Counties from 2021 to 2022
Read more »
Tether discontinues USDT support on Bitcoin, Kusama and Bitcoin CashStablecoin issuer Tether is discontinuing support for USDT on the Bitcoin, Kusama and Bitcoin Cash blockchains.
Read more »
Michigan man pleads guilty to assaulting police officer in January 2021 US Capitol attackA Michigan man has pleaded guilty to assaulting a police officer during the January 2021 attack on the U.S. Capitol. The U.S.
Read more »
No Consequences for Pentagon over 2021 Airstrike on Afghan ChildrenToday marks nearly two years since the Pentagon promised condolence payments to an Afghan aid worker's family that it accidentally killed.
Read more »
Alaska's student absenteeism was worst in nation during the 2021-22 school yearThe analysis shows chronic absenteeism increased across the country as schools reopened for in-person learning.
Read more »