Source: PortaldoBitcoin
Original Title: Elon Musk's SpaceX transfers R$ 560 million in Bitcoin
Original Link:
SpaceX (Elon Musk's aerospace company) transferred over $105 million (approximately 560 million reais) in Bitcoin on Wednesday evening. According to Arkham Intelligence, 1,163 BTC were sent to two unrecognized wallets.
According to blockchain information, 399 BTC were sent to the address 'bc1qh…galzy', while another 764 BTC were sent to 'bc1q4…u54ez'. According to a report from The Block, this is the most significant transfer operation by SpaceX since October 29, when the company transferred 281 BTC to a new address.
According to Arkham's data, SpaceX currently holds approximately 6,095 BTC across 32 addresses — assessed to be worth about $553 million. Wallets associated with the company recently resumed operations after a nearly three-year hiatus, restarting transactions at the end of July, when $153 million worth of BTC was transferred.
Analysts believe that this transfer seems to indicate just a reorganization of custody — possibly migrating funds to a more modern address — and not necessarily preparing for a sale.
The company's history shows that there was a significant adjustment to its Bitcoin reserves: in mid-2022, SpaceX reduced its Bitcoin position by about 70% following market shocks from the collapse of Terra-Luna and FTX. Since then, according to data from Arkham, the company has not purchased BTC again.
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SpaceX transferred $105 million Bitcoin to an unidentified Wallet
Source: PortaldoBitcoin Original Title: Elon Musk's SpaceX transfers R$ 560 million in Bitcoin Original Link: SpaceX (Elon Musk's aerospace company) transferred over $105 million (approximately 560 million reais) in Bitcoin on Wednesday evening. According to Arkham Intelligence, 1,163 BTC were sent to two unrecognized wallets.
According to blockchain information, 399 BTC were sent to the address 'bc1qh…galzy', while another 764 BTC were sent to 'bc1q4…u54ez'. According to a report from The Block, this is the most significant transfer operation by SpaceX since October 29, when the company transferred 281 BTC to a new address.
According to Arkham's data, SpaceX currently holds approximately 6,095 BTC across 32 addresses — assessed to be worth about $553 million. Wallets associated with the company recently resumed operations after a nearly three-year hiatus, restarting transactions at the end of July, when $153 million worth of BTC was transferred.
Analysts believe that this transfer seems to indicate just a reorganization of custody — possibly migrating funds to a more modern address — and not necessarily preparing for a sale.
The company's history shows that there was a significant adjustment to its Bitcoin reserves: in mid-2022, SpaceX reduced its Bitcoin position by about 70% following market shocks from the collapse of Terra-Luna and FTX. Since then, according to data from Arkham, the company has not purchased BTC again.