An Old SpaceX Bitcoin Wallet Wakes Up After 3 Years: 1308BTC Moved
SpaceX transferred 1,308 BTC worth $153 million to a new wallet according to Arkham data.
The movement occurred after three years of wallet dormancy across multiple addresses. The transfer happened as Bitcoin traded around $118,000 price levels recently.
The company currently holds 6.977K BTC valued at $821.12 million through Coinbase Prime Custody.
Portfolio values indicate Bitcoin holdings valued at $821.12 million, decreasing in value by 1.26%. The portfolio value stood at $821,116,068, which is being maintained through institutional custody services.
Just recently, 1.308K BTC valued at $152.91 million was moved, a brief few hours ago. Transactional history shows transfers have been in large numbers over the last three years.
Previous transactions among them are 1.262K BTC worth $36.88 million, which was sent three years ago. Another 1.104K BTC worth $32.26 million was sent during the same time. A number of 1.139K BTC transfers worth $33.29M were also sent three years ago.
SpaceX accumulated Bitcoin during 2021 bull market, reaching peak holdings of 25,724 BTC.
The company joined Tesla in corporate Bitcoin adoption strategies during that period. Current holdings show substantial reduction from peak 2021 accumulation levels.
