Elon Musk’s SpaceX Abruptly Moves $133,700,000 in Bitcoin To New Crypto Wallets: Arkham
SpaceX just transferred $133.7 million worth of Bitcoin across multiple new wallets, signaling a major repositioning of its cryptocurrency assets.
That, according to the blockchain analytics firm Arkham Intelligence.
The transfers originated from wallets previously identified as SpaceX holdings, and the funds have now split into at least five new addresses.
Each has received portions of BTC valued between $20 million and $40 million at current prices.
The giant transfers come just three days after SpaceX initially shuffled $100 million of its Bitcoin holdings.
Arkham’s data shows zero outflows to exchanges or third parties in any of the transfers, indicating all of the BTC in question remains under SpaceX control and has not been sold.
SpaceX, led by Elon Musk, holds Bitcoin as part of its corporate reserves.
Musk first disclosed the company’s Bitcoin investments in 2021, although SpaceX has never disclosed the value of its stockpile.
Arkham estimates that its current holdings exceed $1 billion.
Generated Image: Midjourney
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.
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