【Crypto World】According to on-chain monitoring data from Arkham, SpaceX’s investment in Bitcoin has encountered significant setbacks. Do you remember October 7th? On that day, the value of SpaceX’s Bitcoin holdings once soared to a historic high of $1.03 billion. But just over two months later, this asset has shrunk by more than $300 million.
The current situation is this—SpaceX holds over 8,000 Bitcoins, with an estimated current value of about $692 million. Since the peak, the paper loss is indeed substantial. However, in terms of holding size, SpaceX remains a stable large holder on the chain, and this amount of holdings is quite considerable in the overall market.
This fluctuation also reflects the price changes in the Bitcoin market—adjusting from the all-time high to the current price level, institutional investors’ book net worth naturally fluctuates accordingly. Whether SpaceX’s investment can recover depends on the future trend of Bitcoin’s market.
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ForkItAllDay
· 12-20 12:39
Oh no, SpaceX also lost quite a bit this time
$300 million just disappeared, now that's a real "rocket"
Holding onto 8,000 Bitcoins, this big player is really steady
Elon Musk isn't worried, so let's not panic either
Maybe we should go all-in too
Even after such a big drop, if you can hold on, it shows you really believe in it
Paper losses don't matter, what's important is when the rebound will come
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GasFeeTears
· 12-20 08:44
Institutions also have to tighten their belts. 8,000 BTC still remains stable, but what about us retail investors?
View OriginalReply0
BearMarketNoodler
· 12-19 02:06
Elon Musk indeed took a hit this time; holding 8,000 Bitcoins is not sustainable.
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MidnightSnapHunter
· 12-18 04:30
Elon Musk's move can't keep up with the market anymore, hilarious
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Holding 8,000 Bitcoins and still dare to say it's a loss, what about us retail investors?
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Those who bought at the October high are now bowing in respect, now it's just a matter of whether they can hold the 600 million line
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That's why they say institutions can't beat the market either; shrinking 300 million on paper sounds easy
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Wait, is SpaceX's holdings still increasing? That's the real key
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Honestly, big players in the crypto world are hurt just like us, it feels good to see
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Another two months, another 300 million shrinkage, this rhythm feels a bit familiar
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BearMarketMonk
· 12-18 04:22
300 million USD shrinkage, even big investors can't escape the cyclical fluctuations. From 1.03 billion to 692 million, with such waves of fluctuations in net asset value, how strong is the psychological resilience of institutional investors.
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BridgeJumper
· 12-18 04:17
Sigh, lost again. This is the price of holding coins.
How dare they hold such a heavy position, really brave.
From 1 billion to 700 million, I’m breaking apart.
But on the other hand, Elon Musk probably doesn’t care about this little money at all.
Wait, is SpaceX really trading cryptocurrencies on their own?
Losing 300 million in three months, that’s a pretty harsh drop.
Institutional liquidation is really ruthless; retail investors simply can’t keep up with this pace.
The holdings haven’t changed, but the money is gone. This feeling must be really uncomfortable.
View OriginalReply0
RugpullSurvivor
· 12-18 04:08
Hmm... SpaceX can't handle it either, 300 million just gone like that.
View OriginalReply0
DancingCandles
· 12-18 04:06
Elon Musk also has to take a beating along with the market. Just leave the 8,000 coins untouched; anyway, we're all gamblers.
View OriginalReply0
WalletDoomsDay
· 12-18 04:04
Elon Musk's move... If this trend continues, we might be stuck until next year.
SpaceX Bitcoin holdings shrink by $300 million, currently valued at nearly $700 million
【Crypto World】According to on-chain monitoring data from Arkham, SpaceX’s investment in Bitcoin has encountered significant setbacks. Do you remember October 7th? On that day, the value of SpaceX’s Bitcoin holdings once soared to a historic high of $1.03 billion. But just over two months later, this asset has shrunk by more than $300 million.
The current situation is this—SpaceX holds over 8,000 Bitcoins, with an estimated current value of about $692 million. Since the peak, the paper loss is indeed substantial. However, in terms of holding size, SpaceX remains a stable large holder on the chain, and this amount of holdings is quite considerable in the overall market.
This fluctuation also reflects the price changes in the Bitcoin market—adjusting from the all-time high to the current price level, institutional investors’ book net worth naturally fluctuates accordingly. Whether SpaceX’s investment can recover depends on the future trend of Bitcoin’s market.