tldr; SpaceX transferred approximately $99.8 million worth of Bitcoin (1,083 BTC) from a company-linked wallet to a new address on December 5, as per on-chain data. The transaction aligns with previous patterns involving Coinbase Prime custody services, though the exact destination remains unverified. SpaceX still holds around 5,012 BTC, valued at $457.8 million. The company has not disclosed its Bitcoin strategy or the purpose of this transfer, which follows a trend of large Bitcoin movements by SpaceX in recent months.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
people panicking for these news, thinking they could sell this low amaze me
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tldr; SpaceX transferred approximately $99.8 million worth of Bitcoin (1,083 BTC) from a company-linked wallet to a new address on December 5, as per on-chain data. The transaction aligns with previous patterns involving Coinbase Prime custody services, though the exact destination remains unverified. SpaceX still holds around 5,012 BTC, valued at $457.8 million. The company has not disclosed its Bitcoin strategy or the purpose of this transfer, which follows a trend of large Bitcoin movements by SpaceX in recent months.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
people panicking for these news, thinking they could sell this low amaze me