After a long period of inactivity, SpaceX has made a notable move by transferring 1,308 BTC to an unknown address, stirring interest in the crypto community.
First Transfer in Three Years
Arkham reports that SpaceX has transferred 1,308 BTC, worth over $150 million, to an unlabeled address. This is the first time SpaceX has made an outbound Bitcoin transaction since June 2022, when the company sent 3,505 BTC to Coinbase.
SpaceX's Crypto Strategy
Analysts speculate that this move may indicate internal restructuring or preparation for a strategic sale. It could also suggest upcoming integrations between SpaceX and crypto services or even a partnership. Currently, SpaceX still holds 6,977 BTC, valued at approximately $815 million, demonstrating that the company maintains a significant crypto treasury.
Crypto Community Reaction
The crypto community is buzzing with theories about the transaction, yet no official statements have been made by SpaceX or Elon Musk. On-chain activity like this often provides insights into major companies' crypto strategies, and this move has certainly garnered attention.
The transfer of 1,308 BTC by SpaceX serves as a reminder that major players in the crypto market remain active.
