SpaceX Consolidates Bitcoin Holdings Amid Financial and Contractual Developments

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.