SpaceX moves another $134 million in bitcoin to new wallets: Arkham
Quick Take Elon Musk’s SpaceX transferred $133.7 million worth of bitcoin on Friday. Earlier this week the company transferred nearly $270 million in bitcoin.
Elon Musk's aerospace company SpaceX transferred $133.7 million worth of bitcoin on Friday, the second major transfer in less than a week, according to Arkham Intelligence.
On Tuesday, SpaceX transferred approximately $268.5 million in bitcoin, the first major move since July. According to Arkham, SpaceX is holding approximately 6,970 bitcoin worth about $770 million. Bitcoin was changing hands at $110,493.92 as of 1:31 p.m. ET, according to The Block Price Page .
As some of have suggested , it appears that SpaceX is simply transferring bitcoin in an effort to consolidate its BTC while moving the cryptocurrency from older, legacy wallet addresses to new, modern ones.
In mid-2022, SpaceX reportedly reduced its bitcoin holdings by around 70%, possibly triggered by the market-wide shock caused by the Terra-Luna meltdown and the collapse of FTX. SpaceX has not purchased more bitcoin since, according to Arkham data.
Musk's Tesla also sold off a bulk of its bitcoin holdings in 2022. It currently holds 11,509 BTC, worth $1.24 billion, according to Arkham data .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grokipedia's Bet: The Race Between AI Speed and Human Precision in Pursuit of Truth
- Elon Musk's xAI launched Grokipedia, an AI-driven encyclopedia challenging Wikipedia's dominance with real-time data and automated fact-checking. - The project faced delays over "biased training data" concerns and exhibits right-leaning slants, including downplaying the 2021 Capitol riots. - Unlike Wikipedia's human-edited model, Grokipedia uses AI to manage edits but faces criticism for lacking nuanced moderation and citation standards. - Wikipedia's human-centric model and co-founder Jimmy Wales dismis
Solana News Update: Connecting Traditional Finance and Decentralized Finance: Streamex Collaborates with Chainlink to Enable Transparent Gold Tokenization
- Streamex partners with Chainlink to integrate CCIP, enabling cross-chain GLDY transfers on Base and Solana. - The collaboration adds Proof of Reserve and Price Feeds for real-time gold reserve verification and tamper-proof data. - This enhances institutional trust in GLDY's gold-backed stablecoin through auditable transparency and zero-slippage security. - The integration aligns with growing demand for tokenized commodities, leveraging Chainlink's $100B+ TVL-secured infrastructure.
XRP News Today: Institutional Embrace and Rising Derivatives Interest Propel XRP's Key Growth in 2025
- XRP surged 5.4% to $2.57 amid institutional adoption, regulatory progress, and Ripple's strategic moves, including a $100M ETF milestone and CME derivatives demand. - The XRPR ETF, managed by REX-Osprey, reached $100M AUM with 40% from hedge funds and family offices, signaling growing institutional confidence in XRP's mainstream potential. - CME's XRP futures hit $26.9B in notional volume since May, reflecting strong institutional demand, while Ripple integrated Hidden Road into its new prime brokerage s
Ethereum Latest Update: ETHZilla Offloads $40M in ETH to Reduce Gap Between Stock Price and NAV
- ETHZilla sold $40M in ETH to fund stock buybacks, aiming to reduce its 30% NAV discount by repurchasing 600K shares at $12M. - The move follows a $250M buyback plan leveraging treasury strength, with remaining funds to continue narrowing the NAV gap until normalization. - Competitor BitMine expanded its ETH holdings to 3.24M, while ETHZilla's Satschel partnership targets tokenized real-world assets. - Analysts highlight ETHZilla's high Price/Book ratio (50.97) but note its liquidity-focused strategy alig
Trending news
MoreCrypto prices
More
