SpaceX owned by Elon Musk Holds $603 Million in Bitcoin Despite Losing $5 Billion on xAI
Although Elon Musk's AI company, xAI, reported a loss of $5 Billion, reports show that SpaceX still holds an investment of $603 Million in Bitcoin. This is equivalent to about 14,000 BTC – a significant position. Interestingly, despite repeatedly hinting at Bitcoin on social media, Elon Musk has never publicly sold SpaceX's BTC. This could be a signal that he still values Bitcoin as a long-term store of value.$BTC
SpaceX owned by Elon Musk Holds $603 Million in Bitcoin Despite Losing $5 Billion on xAI
Although Elon Musk's AI company, xAI, reported a loss of $5 Billion, reports show that SpaceX still holds an investment of $603 Million in Bitcoin. This is equivalent to about 14,000 BTC – a significant position.
Interestingly, despite repeatedly hinting at Bitcoin on social media, Elon Musk has never publicly sold SpaceX's BTC. This could be a signal that he still values Bitcoin as a long-term store of value.$BTC