SpaceX moves $268M in BTC to two new addresses After three
Meat Memed
Updated at: 9 hours ago
{"content":"SpaceX moves $268M in BTC to two new addresses
After three months of inactivity, a wallet owned by Elon Musk’s space exploration company has recently transferred a total of 2,395 BTC to two on-chain addresses. Currently, both addresses are only holding BTC, with no indication that the holdings have been sold or moved to other wallets.
Based on current market prices, the company’s Bitcoin btc-2.52%Bitcoin transfer is currently valued at around $268 million. One address beginning with bc1qq78 received around 1,187 BTC, which is valued at $128.35 million. At press time, the address only holds Bitcoin and no other assets.
Meanwhile, the second address, beginning with bc1qj7e, received a Bitcoin transfer of about 1,208 BTC. Its holdings are currently valued at $130.4 million, with no other assets held aside from the recent SpaceX transfer.
On-chain analyst Ai Yi, who highlighted the two transfers based on information from Arkham Intelligence, surmised in a post that the move could just be a routine wallet reorganization, considering the firm had to pay a transfer fee to Coinbase Prime just minutes before the transactions were made. It is widely known that SpaceX’s holdings are currently custodied with Coinbase Prime.
Therefore, the two unmarked wallets could possibly belong to SpaceX as well, even though they are currently unmarked by Arkham Intelligence.
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