SpaceX Transfers Over $133 Million in Bitcoin
- SpaceX moved more than $133 million in Bitcoin on Friday, transferring a total of 1,215 BTC.
- The transfers included two transactions of 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.
- This activity follows a similar move earlier in the week involving around the same amount of Bitcoin.
- Prior to these transactions, SpaceX held approximately $914 million worth of Bitcoin, ranking fourth among privately held companies with Bitcoin treasuries.
- The company’s current holding is significantly reduced from its peak of holding as much as 25,000 BTC in early June last year.
SpaceX’s recent transfer of over $133 million worth of Bitcoin marks its second significant transaction within a week, reflecting strategic movements within its cryptocurrency holdings without clear indications of selling intentions.
These moves highlight SpaceX’s continued engagement with cryptocurrency assets amid fluctuating market conditions and underscore its position as a major private holder of Bitcoin. (Source)
