Aerospace technology firm SpaceX sold approximately $373 million worth of Bitcoin it acquired starting in 2021, according to a report published in The Wall Street Journal. As per the August 17 report in The Wall Street Journal, SpaceX recorded $373 million worth of Bitcoin (BTC) holdings on its balance sheet in 2021 and 2022 but has since sold the crypto asset.
The news outlet apparently 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.
SpaceX was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets. SpaceX designs, manufactures and launches advanced rockets and spacecraft.
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