SpaceX Consolidates Bitcoin Holdings Amid Financial and Contractual Developments
Main Idea
SpaceX consolidated 1,308 BTC worth $153 million into a single wallet, marking its first significant Bitcoin transaction since 2022, amid corporate and political scrutiny.
Key Points
1. SpaceX transferred 1,308 BTC (valued at ~$153 million) into a single SegWit-compatible wallet, its first major Bitcoin movement since June 2022.
2. The company holds an estimated 8,285 BTC (~$989 million), alongside Tesla's $1.37 billion Bitcoin holdings.
3. The transaction coincides with Bitcoin's 21% price surge over the past month, trading near $119,800 at the time.
4. SpaceX's move follows public disagreements involving Elon Musk and former President Donald Trump, as well as a government review of the company.
5. No immediate Bitcoin sales are expected, but investors are advised to monitor SpaceX's financial and strategic developments.
Description
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