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SpaceX’s $780 million bitcoin stack now down to about $545 million ahead of IPO filing
📰 sources⭐ 9.0
TL;DR:
The company holds about 8,285 bitcoin in Coinbase Prime custody, a stake now worth roughly $545 million after a $235 million decline in value over the past three months.
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.