SpaceX transfers another $134 million in BTC to new wallets
Acryptoinvest.news: According to Arkham Intelligence, Elon Musk's aerospace company SpaceX transferred $133.7 million worth of Bitcoin on Friday. This is the second large transfer in less than a week.
On Tuesday, SpaceX transferred approximately $268.5 million in bitcoin, marking its first major transfer since July. According to Arkham, SpaceX holds approximately 6,970 bitcoins, worth approximately $770 million.
As some have speculated, it appears SpaceX is simply transferring Bitcoin in an attempt to consolidate its BTC while simultaneously moving the cryptocurrency from old wallet addresses to new, modern ones.
In mid-2022, SpaceX reportedly reduced its Bitcoin holdings by approximately 70%, possibly due to the market-wide shock caused by the Terra-Luna rocket crash and the FTX collapse. According to Arkham data, SpaceX has not acquired any more Bitcoin since then.
Musk's Tesla also sold most of its Bitcoin holdings in 2022. According to Arkham, it currently holds 11,509 BTC, worth $1.24 billion.
Source: cryptonews.net
