SpaceX transfers $105 million in bitcoin to unmarked wallets: Arkham
Summary
Elon Musk's aerospace company SpaceX moved approximately 1,163 BTC, valued at over $105.4 million, to two unmarked wallets on Wednesday, according to Arkham Intelligence data. This marks the company's first significant Bitcoin transfer since late October. Arkham data indicates SpaceX currently holds about 6,095 BTC, valued near $552.9 million at the time of reporting. The reason for the transfer is unknown, though some speculate it is for consolidating Bitcoin from older addresses to newer ones. SpaceX previously sold about 70% of its Bitcoin holdings in mid-2022 following market turmoil, and has not purchased more since. Musk's Tesla also sold a significant portion of its BTC in 2022 but still holds 11,509 BTC.
(Source:The Block)