Elon Musk’s SpaceX Moves $105 Million In Bitcoin, Is It Time For Selling?
NeutralCryptocurrency

- SpaceX has transferred 1,163 Bitcoin, valued at approximately $105 million, to new wallets, a move first identified by blockchain tracker Arkham Intelligence. This transaction has raised questions about whether the aerospace company is preparing to sell its Bitcoin holdings or simply reorganizing its reserves. The transfer reduces SpaceX's on-chain Bitcoin holdings to 6,095 BTC.
- This significant movement of assets highlights SpaceX's ongoing engagement with cryptocurrency, particularly as Bitcoin's value has recently surpassed the $90,000 mark. The decision to move such a large amount may indicate strategic financial planning or a response to market conditions.
- The transfer occurs amid a broader trend of corporate treasury holders reassessing their Bitcoin positions, with some facing pressure to sell due to declining market values. Additionally, recent inflows to exchanges suggest a potential selling wave among large holders, raising concerns about the impact on Bitcoin prices and market stability.
— via World Pulse Now AI Editorial System







