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Elon Musk's SpaceX moved 1,163 Bitcoin worth 105 million dollars.
A cryptocurrency wallet linked to SpaceX transferred 1,163 Bitcoin, worth approximately 105 million USD, to a new wallet today, according to data from Arkham Intelligence. Previously, last month the company owned by Elon Musk also transferred 268 million USD worth of Bitcoin to another address. Analysts suggest that these transactions may serve storage or internal management purposes, rather than selling. The labeled wallet is currently holding 6,095 Bitcoin, worth nearly 553 million USD.
After three years of inactivity, the wallet started trading again at the end of July, moving out 153 million USD in Bitcoin. Bitcoin is currently trading around 91,000 USD, up 3.5% in the past 24 hours, according to CoinGecko. These transactions indicate that SpaceX continues to interact with Bitcoin and demonstrate a strategic approach to managing digital assets rather than liquidating.