Elon Musk’s SpaceX moves $268M in Bitcoin for first time in 3 months
Crypto Briefing
SpaceX moved 2,495 Bitcoin, valued at $268 million, in its first on-chain transaction in nearly three months.Summary
A wallet associated with Elon Musk's SpaceX executed a significant on-chain transaction, moving approximately 2,495 Bitcoin (BTC) worth $268 million to new addresses. This marks the company's first Bitcoin movement in almost three months, following a $153 million transfer on July 22. Despite this large transfer, the SpaceX-linked wallet still retains a substantial holding of 5,790 Bitcoin, currently valued around $625 million. This activity occurs while Bitcoin prices are experiencing volatility, dropping below $108,000 due to factors like US-China trade tensions and broader macroeconomic uncertainty, which has also led to outflows from US spot Bitcoin ETFs.
(Source：Crypto Briefing)