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SpaceX Bitcoin holdings shrink by $300 million, currently valued at nearly $700 million
【Crypto World】According to on-chain monitoring data from Arkham, SpaceX’s investment in Bitcoin has encountered significant setbacks. Do you remember October 7th? On that day, the value of SpaceX’s Bitcoin holdings once soared to a historic high of $1.03 billion. But just over two months later, this asset has shrunk by more than $300 million.
The current situation is this—SpaceX holds over 8,000 Bitcoins, with an estimated current value of about $692 million. Since the peak, the paper loss is indeed substantial. However, in terms of holding size, SpaceX remains a stable large holder on the chain, and this amount of holdings is quite considerable in the overall market.
This fluctuation also reflects the price changes in the Bitcoin market—adjusting from the all-time high to the current price level, institutional investors’ book net worth naturally fluctuates accordingly. Whether SpaceX’s investment can recover depends on the future trend of Bitcoin’s market.