SpaceX Sees Significant Decline in Bitcoin Holdings

SpaceX has disclosed its decrease in bitcoin holdings over the past few years. Initially, the company held a substantial amount of 18,712 Bitcoin, which it acquired at a total cost of $661 million, approximately $35,000 per Bitcoin.

Data from Arkham shows that this number began to decline significantly last year when SpaceX's holdings dropped to around 6,095 bitcoins. Now, the company holds about 8,280 bitcoins.

This decrease could have implications for SpaceX's position among the largest Bitcoin holders, as its current holdings of approximately 18,000 or more would rank it seventh on this list.