TechFlow reported, according to The Wall Street Journal, financial filings show that SpaceX wrote down the value of its Bitcoin holdings by a total of $373 million in 2021 and last year, and has sold the asset, though the timing of the sale remains unclear.
The report noted that the company's total expenses in 2022 were approximately $5.2 billion, and expenditures for property and equipment acquisitions, excluding R&D costs, amounted to $5.4 billion in 2021 and 2022 combined.
SpaceX CEO Elon Musk publicly announced in 2021 that the company had acquired a certain amount of Bitcoin.
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