SpaceX Transfers Over $105 Million in Bitcoin
- SpaceX moved a total of 1,163 BTC, valued at over $105 million, into two wallets.
- This transaction marks at least the third major Bitcoin transfer by SpaceX since July.
- The company currently holds 6,095 BTC, worth approximately $557.8 million.
- Experts suggest this transfer may be aimed at rebalancing SpaceX’s crypto portfolio and could involve Coinbase Prime.
- SpaceX began accumulating Bitcoin between 2020 and 2021, with an average purchase price around $32,000 per BTC.
The recent movement of significant amounts of Bitcoin by SpaceX indicates ongoing engagement in the cryptocurrency market, potentially influencing market sentiment and adoption rates.
With a remaining holding of 6,095 BTC, valued at about $557.8 million, SpaceX continues to demonstrate its strategic investment approach in the cryptocurrency space.
