Citing BitcoinWorld, a SpaceX Bitcoin address transferred 1,163 BTC, valued at approximately $105 million, to a new wallet. The transaction, tracked by Onchain Lens, has raised questions about institutional crypto strategies and corporate Bitcoin management. Analysts suggest the move could indicate portfolio rebalancing, security upgrades, or strategic repositioning. SpaceX has been accumulating Bitcoin since 2021, and this large-scale transfer has drawn attention due to its timing and size. Blockchain analytics firms identified the address based on transaction patterns and correlations with public announcements, though definitive proof remains challenging. The move highlights growing institutional interest in Bitcoin and may signal broader trends in corporate crypto adoption.
SpaceX Transfers $105M in Bitcoin, Sparks Market Speculation
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