SpaceX Moves $105 Million in Bitcoin to New Wallets 🚀
SpaceX has moved 1,163 $BTC (worth $105.4M) to two new wallet addresses, marking the company's largest on-chain transaction since late October. The reason for the move remains unclear, but analysts speculate that it may be part of consolidating holdings or moving funds to newer infrastructure.
BTC
91,999.49
+8.56%
Key Insights:
Bitcoin Transfer: The transfer includes 399 BTC to one address and 764 BTC$BTC to another.
Current Holdings: SpaceX now holds 6,095 B$BTC , valued at about $552.9M.
Similar Moves by Tesla: SpaceX’s move mirrors Tesla’s actions in 2022 when the company reduced its Bitcoin holdings amidst market turbulence.
This transfer follows a trend of reshuffling, as SpaceX and Tesla adapt their crypto exposure in the wake of 2022’s market volatility.