SpaceX just moved over $150 million in Bitcoin
Main Idea
A wallet linked to Elon Musk's company transferred 1,308 Bitcoin (BTC) worth $153 million, while SpaceX retains 6,977 BTC, suggesting a long-term investment strategy. Musk also announced a new political party supporting Bitcoin.
Key Points
1. A wallet associated with Elon Musk's company moved 1,308 BTC ($153 million) from Coinbase to a new address.
2. SpaceX still holds 6,977 BTC, indicating no net change in its Bitcoin holdings.
3. The transfer may reflect a long-term investment strategy, treating Bitcoin as 'digital gold.'
4. Elon Musk announced the formation of the 'America Party,' which supports Bitcoin as an alternative to fiat currency.
Description
After more than three years of inactivity in the crypto market, SpaceX broke the silence with a monster move on July 22. According to blockchain analytics platform Arkham Intelligence , a wallet owned by Elon Musk’s company moved 1,308 Bitcoin ( BTC ), worth around $153 million, from Coinbase to a fresh address. The motivation behind the transfer is still unclear, and no further moves have been spotted, although it is clear there was no change in SpaceX’s net holdings. As reported by Arkham , th...
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