In short
- SpaceX moved more than 1,200 BTC, or $133 million, on Friday.
- The transfer follows a move of similar magnitude to earlier this week.
- Details about the company’s plans are not yet known.
Elon Musk’s space exploration company, SpaceX, has transferred more than $133 million. Bitcoin According to blockchain analytics firm Arkham Intelligence on Friday.
that The company transferred 1,215 Bitcoin. A similar amount of addresses are moved to separate addresses in total, just a few days after they were moved to addresses they control.
“SpaceX just moved a total of $133.7 million in funds,” the analytics firm posted. “They transferred 300 BTC ($33 million) and 915 BTC ($107 million) to the new wallet.”
Unlike SpaceX’s move earlier this week, the new wallet does not currently appear to belong to the Hawthorne, California-based company.
With Bitcoin recently trading above $110,000, the company held 8,285 BTC worth about $914 million prior to the transfer. According to data from , this is enough to place it fourth on the list of private companies holding Bitcoin treasuries. BitcoinTreasuries.net.
In 2022 Recipient indicated as belonging to an aerospace company It held up to 25,000 BTC, but by June of that year, that number had dropped to 8,285 BTC.
Following these actions, SpaceX did not register any on-chain activity until consolidating some of its Bitcoin holdings earlier this year. First on-chain activity in 3 years.
It was not immediately clear why the company transferred the funds or whether it intended to sell some of its Bitcoin holdings. A SpaceX representative did not immediately respond. detoxification Request for comment.
Another of Musk’s companies, Tesla, also maintains a strong relationship with Bitcoin. The automotive and robotics company currently holds 11,509 BTC, worth over $1.27 billion. Top 10 publicly traded companies holding Bitcoin.
Earlier this year, Tesla We reassessed the value of our holdings in accordance with new accounting rules.BTC has risen since the election of President Donald Trump, generating more than $600 million in quarterly revenue.
Tesla no longer records on-chain activity after the move. $765 million in BTC distributed to new wallets October 2024.
On this day, Bitcoin fell slightly, down 0.3% to $110,541. This is down about 12% from its all-time high of $126,080.
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