SpaceX Just Moved $152 Million in Bitcoin, Are Whales Dumping?
Main Idea
SpaceX transferred 1,308 BTC (worth around $152 million) to an unknown wallet, marking its first Bitcoin move in three years, while still holding a significant amount of BTC.
Key Points
1. SpaceX transferred 1,308 BTC (valued at approximately $152 million) to an unknown wallet, its first Bitcoin transaction since June 2022.
2. SpaceX still holds 6,977 BTC, worth roughly $815 million, making it one of the largest corporate holders of Bitcoin.
3. Tesla and SpaceX together hold around $2 billion in Bitcoin, purchased at an average price of $32,000, with significant unrealized profits.
4. Bitcoin whales moved 61,000 BTC to exchanges recently, causing a 4% dip in Bitcoin's price from its $123K high.
5. BTC inflows to exchanges surged by nearly $17 billion between July 14–18, indicating whales may be taking profits at Bitcoin's new all-time high.
Description
The post SpaceX Just Moved $152 Million in Bitcoin, Are Whales Dumping? appeared first on Coinpedia Fintech News SpaceX has just made a major on-chain Bitcoin move for the first time in 3 years. According to data from crypto analytics platform Arkham , SpaceX transferred 1,308 BTC (worth around $152 million) to an unknown wallet earlier today. SpaceX Moves BTC for First Time Since 2022 The transaction occurred at 13:09 (UTC+8) and is the first since June 2022, when SpaceX sent 3,505 BTC to Coinb...
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