SpaceX Moves $153 Million in Bitcoin After Three-Year Hiatus
- SpaceX transferred 1,308 Bitcoin, valued at approximately $153 million, marking its first onchain activity in three years.
- The Bitcoin was consolidated from 16 Pay-to-Public-Key-Hash (P2PKH) addresses into a single SegWit-compatible Pay-to-Witness-Public-Key-Hash (P2WPKH) address.
- As of now, SpaceX holds about 6,977 BTC, worth around $815 million, making it one of the largest corporate Bitcoin holders.
- The transfer suggests a strategic adjustment rather than a reactive measure, although the reason for the move remains unclear.
- This consolidation occurs amid increasing political tensions and scrutiny over SpaceX’s government contracts.
The recent movement of Bitcoin by SpaceX highlights its ongoing involvement in cryptocurrency amidst external pressures and contract uncertainties with the U.S. government. This strategic consolidation could facilitate easier management of its substantial crypto assets.
With this transfer, SpaceX’s holdings now amount to approximately $815 million in Bitcoin, reinforcing its position among top corporate holders of Bitcoin.
