SpaceX - Elon Musk's aerospace company - has moved its Bitcoin holdings for the first time in three years.
According to data from Arkham Intelligence, the wallet linked to SpaceX with the address "15oKQ...7Jf1G" transferred 1,308 BTC (equivalent to 150 million USD) to a new wallet "bc1q8...hartf". This is the first transaction since June 10, 2022, when SpaceX previously transferred around 1,200 BTC multiple times to Coinbase exchange. During the period from May 25 to June 10, 2022, a total of 17,314 BTC was sent by SpaceX to this exchange.
SpaceX has not disclosed the reason or officially confirmed this transaction. Currently, the company still holds 6,977 BTC, equivalent to 825 million USD. Meanwhile, Tesla - also owned by Musk - is holding 11,509 BTC valued at around 1.36 billion USD.
Last month, Arkham estimated the total amount of Bitcoin held by Tesla and SpaceX exceeds 2 billion USD, with an average purchase price of around 32,000 USD/BTC. According to Arkham, "Elon's two companies are making nearly 1.5 billion USD from Bitcoin."
SpaceX's transaction occurs against the backdrop of a growing Bitcoin acceptance wave in the US, especially after crypto-supportive statements from former President Donald Trump and positive developments in the legal landscape. Many traditional financial companies have begun building their own Bitcoin reserves or launching crypto-integrated products.
Meanwhile, Elon Musk - who was previously close to Trump before their conflict - has just announced the establishment of the "America Party", a new party aimed at challenging the traditional two-party system. Musk affirmed that this party will support Bitcoin.
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The article SpaceX transfers 150 million USD Bitcoin after three years of freezing first appeared on CoinMoi.
