SpaceX's Bitcoin Holdings Decline Amid IPO Plans

SpaceX currently holds about 8,285 BTC, valued at approximately $545 million, a decrease from $780 million three months ago. According to NS3.AI, the company has not sold any of its Bitcoin holdings despite the decline in value. SpaceX is planning a $50 billion IPO, which could potentially value the company at $1.75 trillion. This move would necessitate the disclosure of its Bitcoin holdings and any associated paper gains or losses. Unlike Tesla, SpaceX's strategy involves holding Bitcoin for the long term rather than engaging in active trading, even amidst significant valuation changes.