SpaceX Shifts $153 Million in Bitcoin in First Move Since 2022
The post SpaceX Shifts $153 Million in Bitcoin in First Move Since 2022 appeared on BitcoinEthereumNews.com. Elon Musk’s SpaceX shifted 1,308 bitcoin—worth about $153 million at current prices—out of a long-dormant company wallet on 22 July, blockchain data compiled by Arkham Intelligence show Elon Musk’s SpaceX shifted 1,308 bitcoin—worth about $153 million at current prices—out of a long-dormant company wallet on 22 July, blockchain data compiled by Arkham Intelligence show. The address had not sent funds since June 2022, making the move the rocket company’s first recorded on-chain transaction in more than three years. Arkham’s analysis indicates the transaction was an internal reorganisation rather than a sale, as SpaceX’s aggregate balance remains roughly unchanged at 6,977 BTC, valued near $818 million. The tokens are held under Coinbase Prime custody, suggesting the company is updating its treasury management structure rather than liquidating its crypto reserve. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/blockchains/spacex-shifts-153-million-bitcoin-first-move-since-2022-eb540bab
The post SpaceX Shifts $153 Million in Bitcoin in First Move Since 2022 appeared on BitcoinEthereumNews.com.
Elon Musk’s SpaceX shifted 1,308 bitcoin—worth about $153 million at current prices—out of a long-dormant company wallet on 22 July, blockchain data compiled by Arkham Intelligence show Elon Musk’s SpaceX shifted 1,308 bitcoin—worth about $153 million at current prices—out of a long-dormant company wallet on 22 July, blockchain data compiled by Arkham Intelligence show. The address had not sent funds since June 2022, making the move the rocket company’s first recorded on-chain transaction in more than three years. Arkham’s analysis indicates the transaction was an internal reorganisation rather than a sale, as SpaceX’s aggregate balance remains roughly unchanged at 6,977 BTC, valued near $818 million. The tokens are held under Coinbase Prime custody, suggesting the company is updating its treasury management structure rather than liquidating its crypto reserve. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/blockchains/spacex-shifts-153-million-bitcoin-first-move-since-2022-eb540bab
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