SpaceX’s Massive Bitcoin Move Sparks Market Buzz
Main Idea
SpaceX, owned by Elon Musk, executed a $152 million Bitcoin transaction, sparking market speculation about its intentions, while also causing a temporary dip in Bitcoin's value.
Key Points
1. SpaceX conducted a Bitcoin transaction worth $152 million after a three-year hiatus, with the final recipient address unconfirmed.
2. Arkham Intelligence data shows SpaceX's wallet holds approximately 6,977 BTC ($818 million), while Tesla holds 11,509 BTC ($1.35 billion).
3. If the receiving address belongs to Coinbase, SpaceX might be preparing to liquidate its assets, though no official statements confirm this.
4. The transaction caused Bitcoin's price to briefly drop from over $117,000 to $116,437 before recovering to $117,230.
5. The market remains uncertain about SpaceX's motives, with speculation ranging from asset liquidation to security measures.
Description
SpaceX moved $152 million Bitcoin after three years of wallet inactivity. The transfer’s receiving address remains believably tied to Coinbase. Continue Reading: SpaceX’s Massive Bitcoin Move Sparks Market Buzz The post SpaceX’s Massive Bitcoin Move Sparks Market Buzz appeared first on COINTURK NEWS .
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