Elon Musk’s SpaceX transfers its Bitcoin holdings
Main Idea
Elon Musk's SpaceX transferred 1,300 BTC to a new wallet, signaling continued confidence in Bitcoin without indications of an immediate sale.
Key Points
1. SpaceX moved 1,300 BTC (worth ~$153M) to a new wallet for the first time in three years.
2. The transfer does not appear to be for selling Bitcoin, as the destination wallet has no known exchange links.
3. SpaceX currently holds ~6,977 BTC (~$827.41M), while Tesla holds 11,509 BTC (~$1.37B).
4. Elon Musk has publicly supported Bitcoin, including endorsing it through his America Party and praising its finite supply.
5. The transfer aligns with Musk's growing confidence in Bitcoin, as noted by industry observers.
Description
For the first time in three years, Elon Musk’s SpaceX has moved a significant portion of its Bitcoin holdings, sparking speculation across the crypto community. The transaction has raised questions about the company’s intentions and the broader implications for the digital asset market. SpaceX sends $153M in Bitcoin to a new address According to a public post by onchain analytics platform Arkham Intelligence, SpaceX transferred which involved the transfer of 1,300 BTC, worth approximately $153 m...
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