SpaceX saw its Bitcoin market value drop by half in just three days—this comparison is too painful.

Bitjie.com News reports that SpaceX’s market value has evaporated by more than $600 billion within three days, nearly half of Bitcoin’s $1.3 trillion market cap. Although Bitcoin fell by less than 1% over the same period, staying at around $63,600, SpaceX shares dropped 16% on Monday, reaching their lowest point since listing on June 12. The reason for the decline is that SpaceX announced plans to issue at least $20 billion in bonds to fund its artificial intelligence buildout. Meanwhile, oil prices fell as progress in the U.S.-Iran peace process advanced; Brent crude fell to below $78 per barrel, providing slow support for risk assets, including Bitcoin.