SpaceX posts first profit as bitcoin holdings are valued at $1.57B
- —Revenue rose 161% to $14.6 billion; net income reached $4.4 billion
- —Digital asset value stood at $1.573 billion on September 30, down $64 million year-to-date
- —SpaceX held 18,712 BTC at end-June at an average cost of about $35,325
- —SpaceX and Tesla together hold 30,221 BTC
Why it matters: The filing confirms SpaceX neither added to nor sold its bitcoin position, keeping one of the largest corporate BTC treasuries intact.
Source: BITTIMES