SpaceX Moves 1,308 Bitcoin After Long Silence
Main Idea
SpaceX transferred 1,308 Bitcoin worth $153 million, marking its first on-chain activity in three years, amid rising tensions and its growing Bitcoin holdings valued at over $800 million.
Key Points
1. SpaceX moved 1,308 Bitcoin (worth ~$153M) in its first on-chain transaction in three years, consolidating funds from 16 P2PKH addresses into a single SegWit-compatible P2WPKH address.
2. Arkham Intelligence flagged the transaction, suggesting it may be a strategic consolidation by SpaceX or Elon Musk.
3. SpaceX reportedly holds nearly 7,000 BTC (~$815M), making it one of the largest corporate Bitcoin holders.
4. Elon Musk's engagement with cryptocurrency has been volatile, including past promotions of Dogecoin and Tesla's $1.5B Bitcoin purchase.
5. The transfer coincides with rising tensions over SpaceX's defense system and Musk's broader financial ecosystem ambitions through X (formerly Twitter).
Description
The transfer was flagged by Arkham Intelligence, which suggested that the company likely made a strategic move to simplify fund management and reduce transaction fees. The timing also aligns with rising tensions over SpaceX’s government contracts and broader efforts by Elon Musk to integrate crypto into his companies’ ecosystems. SpaceX now reportedly holds nearly 7,000 BTC, valued at over $800 million. SpaceX Transfers $153M in Bitcoin SpaceX quietly moved 1,308 Bitcoin, worth around $153 milli...
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