Markets· ★★★· bullish·

SpaceX reports $475M quarterly gain on its bitcoin holdings

  • —SpaceX held 18,712 BTC worth $1.573 billion at the end of September
  • —The valuation rose by $475 million over the quarter
  • —Cost basis is $661 million, implying $912 million in unrealized gains
  • —Revenue rose 161% to $14.58 billion; net income hit $4.44 billion
Why it matters: SpaceX remains one of the largest corporate bitcoin holders, and a merger with Tesla would combine their stacks into 30,221 BTC.
#BTC
Source: CoinPost
More on this
Markets · Oct 6
SpaceX's Bitcoin holdings gain over $191 million in 20 days
 Exchanges · Oct 15
SpaceX holds 18,712 BTC: reserve down $108M for the year but unrealized gain tops $860M
 Markets · Oct 8
SpaceX holds 18,712 Bitcoin worth $1.55B after IPO