SpaceX Wallet Springs to Life With $153M Bitcoin Transfer, First Move Since 2022

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pockets apparently owned by SpaceX simply moved over $150 million value of BTC in its first on-chain exercise for greater than three years, in keeping with information from blockchain analytics platform Arkham .

Arkham exhibits the 1,308 BTC transaction moved from handle 15oKQ7… i7Jf1G, tagged as owned by Elon Musk’s rocket firm, to a beforehand inactive pockets, bc1q8k … phartf.

The transaction is the primary recorded outbound switch since June 10, 2022, when it moved 3,505 BTC (value $102 million on the time) to Coinbase.

The receiving pockets is unlabeled, and no onward motion has been noticed.

In line with Arkham, SpaceX nonetheless holds 6,977 BTC, valued at roughly $815 million. That places the corporate among the many largest company bitcoin holders globally, behind names like Technique (MSTR) and Tesla (TSLA), one other Musk-owned firm.

It stays unclear whether or not this newest switch indicators a sale, inner treasury reallocation, or one thing else totally.