Elon Musk’s SpaceX Transfers $153 Million Bitcoin For First Time In Three Years
Main Idea
Elon Musk's SpaceX transferred $153 million worth of Bitcoin, marking its first significant BTC movement since 2022, while Tesla and SpaceX collectively hold over $2 billion in Bitcoin.
Key Points
1. SpaceX transferred 1,308 Bitcoin (BTC) worth over $150 million, its first outbound transfer since June 2022.
2. Tesla and SpaceX collectively hold over $2 billion in Bitcoin, acquired at an average price of around $32,000.
3. Tesla currently owns around 11,509 BTC ($1.36 billion), while SpaceX holds approximately 6,977 BTC ($820 million).
4. The motive behind SpaceX's recent Bitcoin transfer is unclear, possibly related to storage reorganization rather than liquidation.
5. Bitcoin's price recently hit a new all-time high of $122,838, prompting a Satoshi-era whale to cash out 80,000 BTC.
Description
Elon Musk’s space exploration company SpaceX has moved its crypto holdings for the first time in three years.
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