SpaceX Moves $153 Million in Bitcoin After Three Years Amid Tesla Q2 Earnings Speculation

Key Points

1. SpaceX transferred 1,308 BTC to a new wallet after no activity since June 2022, retaining approximately 6,977 BTC worth $822.65 million.

2. SpaceX and Tesla hold their Bitcoin assets under Coinbase Prime custody, with Tesla owning 11,509 BTC valued at $1.36 billion.

3. Investor optimism ahead of Tesla's Q2 earnings is reflected in $47 million in net call options purchased on Tesla stock on July 18.

4. Analysts anticipate Tesla's Q2 earnings to show a 19.6% year-over-year revenue increase and a 15.3% rise in another unspecified metric.

5. The simultaneous Bitcoin activity by SpaceX and Tesla's upcoming earnings report has heightened market volatility expectations.