Elon Musk’s Company SpaceX Moves Another Large Amount of Bitcoin – Here’s the Possible Reason

Elon Musk's space exploration company, SpaceX, transferred approximately $133.7 million (1,215 BTC) worth of Bitcoin to two new wallets today, marking the company's second major Bitcoin transaction in three ￰0￱ moved approximately $268.5 million worth of Bitcoin on Tuesday, according to Arkham Intelligence data, marking the first significant move since ￰1￱ data showing SpaceX's Bitcoin ￰2￱ believe SpaceX is consolidating its Bitcoin holdings with these transactions, transitioning from legacy wallets to more modern ￰3￱ company reportedly currently holds approximately 6,970 BTC, worth approximately $770 ￰4￱ News: CLAIM: Is the Bitcoin Price Following the Gold Chart 188 Days Behind?

So, When It Catches Up to Gold, How Much Will the BTC Price Be? SpaceX sold off approximately 70% of its Bitcoin holdings after the Terra-Luna crash and FTX bankruptcy that shook the cryptocurrency market in ￰5￱ is no evidence of any new purchases since then. Musk's other company, Tesla, similarly sold Bitcoin in a major way in ￰6￱ to Arkham data, Tesla currently holds 11,509 BTC, equivalent to a current value of approximately $1.24 billion. *This is not investment ￰7￱ Reading: Elon Musk’s Company SpaceX Moves Another Large Amount of Bitcoin – Here’s the Possible Reason