SpaceX Moves 1,308 BTC After 3 Years of Silence
SpaceX transfers 1,308 BTC on-chain after three years, sparking speculation across the crypto community.
- SpaceX transferred 1,308 BTC to an unknown address
- This is the first move since June 2022
- SpaceX still holds 6,977 BTC, worth $815 million
After a long period of inactivity, SpaceX has made a significant move in the crypto world. Blockchain intelligence firm Arkham reports that a SpaceX-labeled wallet just transferred 1,308 BTC—worth over $150 million—to an unlabeled address. This is the first time SpaceX has made an outbound Bitcoin transaction in over three years.
The last time SpaceX touched its Bitcoin holdings was back on June 10, 2022, when it sent 3,505 BTC to Coinbase. Since then, the wallet had remained dormant, sparking questions about whether the company had abandoned its crypto strategy. This recent transaction signals otherwise.
What Does This Mean for SpaceX’s Crypto Strategy?
This unexpected Bitcoin transfer has triggered a wave of speculation. Some analysts believe the move could be part of an internal restructuring or preparation for a strategic sale. Others suggest it might indicate upcoming integrations between SpaceX and crypto services, or even a partnership.
As of now, SpaceX still holds 6,977 BTC in its wallets, with a current value of approximately $815 million. This shows that the company continues to maintain a strong crypto treasury position.
Given Elon Musk’s history of crypto involvement through both Tesla and SpaceX, this move is particularly interesting for Bitcoin watchers. It may even hint at renewed interest or plans involving crypto-based payments or investments.
Blockchain Activity Sparks Community Buzz
The crypto community is buzzing with theories, but no official statement has been made by SpaceX or Elon Musk regarding the transaction. On-chain activity like this is often a window into the crypto strategies of major companies, and this move has certainly caught everyone’s attention.
Whether it’s a strategic repositioning or just wallet management, SpaceX’s Bitcoin move is a clear reminder: major players are still in the game.
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