SpaceX Bids Farewell to Bitcoin: $373 Million Worth Liquidated. SpaceX, the aerospace technology company founded by Elon Musk, has reportedly sold all of its Bitcoin holdings, worth $373 million, that it acquired in 2021 and 2022. The news was revealed by the Wall Street Journal, which accessed documents on the firm’s financials showing a write-down of the value of its Bitcoin by that amount 1 . SpaceX announced in 2021 that it owned some Bitcoin, following a similar move by Tesla, another company co-founded by Musk. Tesla purchased $1.5 billion worth of Bitcoin in 2021 and later sold about 75% of it in 2022, according to its Q2 2023 earnings report 2 . Musk had also expressed his support for cryptocurrencies such as Dogecoin and Bitcoin on social media and in public events. However, SpaceX’s decision to sell its Bitcoin holdings may indicate a change in its attitude towards the crypto asset. The exact reasons for the sale are unclear, but some possible factors could ...