tldr; SpaceX, Elon Musk’s space exploration company, moved $153 million in Bitcoin, marking its first crypto transaction in three years. The transfer involved over 1,300 BTC to a new address, while the SpaceX wallet still holds over 6,900 BTC valued at $810 million. The motive behind the move is unclear, possibly related to storage reorganization rather than liquidation. Tesla and SpaceX collectively hold $2 billion in Bitcoin, acquired at an average price of $32,000 per unit, with unrealized profits nearing $1.5 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; SpaceX, Elon Musk’s space exploration company, moved $153 million in Bitcoin, marking its first crypto transaction in three years. The transfer involved over 1,300 BTC to a new address, while the SpaceX wallet still holds over 6,900 BTC valued at $810 million. The motive behind the move is unclear, possibly related to storage reorganization rather than liquidation. Tesla and SpaceX collectively hold $2 billion in Bitcoin, acquired at an average price of $32,000 per unit, with unrealized profits nearing $1.5 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.