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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/spacexs-dumps-bitcoin-worth-373-million/">SpaceX’s Dumps Bitcoin Worth $373 Million!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Elon Musk’s SpaceX has just offloaded a mountain of Bitcoin, shaking the crypto landscape to its core. Here’s what you need to know.</p> 
<h2 id="the-big-sell-off-bitcoin-price-plummets-to-26k" data-name="the-big-sell-off-bitcoin-price-plummets-to-26k" class="wp-block-heading"><strong>The Big Sell-Off: Bitcoin Price Plummets to $26k</strong></h2> 
<p>SpaceX has dumped a staggering $373 million worth of Bitcoin, causing the price to dip below $27,000, stirring concerns of a possible further decline. The <a href="https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b" rel="noopener noreferrer nofollow">Wall Street Journal’s report</a> on August 17 unveiled SpaceX’s Bitcoin holdings recorded on its balance sheet during 2021 and 2022, amounting to $373 million. This unexpected sale symbolizes a potential strategic shift in SpaceX’s financial portfolio, raising eyebrows in both the crypto and aerospace industries.</p> 
<p>Elon Musk’s acquisitions, endorsements, and occasional whimsical actions on social media have often sent ripples through the crypto markets. Whether it’s changing Twitter’s logo to DOGE’s Shiba Inu or hinting at an extensive financial ecosystem on the platform, Musk’s influence remains unparalleled.</p> 
<h2 id="why-this-sale-matters" data-name="why-this-sale-matters" class="wp-block-heading"><strong>Why This Sale Matters</strong></h2> 
<p>SpaceX’s massive offload of Bitcoin holdings is not merely a company decision; it’s an event that resonates with market sentiments and investors’ strategies. It’s also a stark reminder of how intertwined the crypto world has become with mainstream business titans.</p> 
<p>In the world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, Musk’s latest maneuver is yet another captivating chapter. Whether you applaud his ingenuity or question his motives, there’s no denying the impact of his decisions</p>

SpaceX’s Dumps Bitcoin Worth $373 Million!

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