On August 18th, according to The Wall Street Journal, SpaceX recorded holdings of $373 million worth of Bitcoin on its balance sheets in 2021 and 2022, which were subsequently sold. Additionally, another company owned by Elon Musk, Tesla, liquidated over 30,000 Bitcoins worth $936 million in the second quarter of 2022, accounting for 75% of its initial $1.5 billion Bitcoin holdings.