SpaceX moves another $134 million in bitcoin to new wallets: Arkham
The Block
SpaceX transferred $133.7 million in Bitcoin, the second major move in under a week, likely to consolidate holdings.Summary
Elon Musk's SpaceX executed a second major Bitcoin transfer in less than a week, moving $133.7 million worth of BTC on Friday, following a $268.5 million transfer on Tuesday. According to Arkham Intelligence, SpaceX currently holds approximately 6,970 Bitcoin, valued around $770 million at the time of reporting. The movement appears to be a consolidation effort, moving cryptocurrency from older wallets to newer ones. This follows SpaceX's significant reduction of its Bitcoin holdings in mid-2022, possibly due to the Terra-Luna and FTX collapses. Musk's Tesla also sold a large portion of its BTC in 2022 but currently holds 11,509 BTC, valued at $1.24 billion.
(Source：The Block)