SpaceX moves $257M in Bitcoin, reigniting questions over its crypto play
The SpaceX-labelled wallets made their second large-scale Bitcoin transfer in three months, raising speculation of a sale as the company faces growing competition.
Elon Musk’s aerospace company SpaceX has moved $257 million worth of Bitcoin, its second large-scale transfer in three months, prompting speculation of a potential sale as the company faces mounting financial and political pressure.
SpaceX transferred $257 million worth of Bitcoin (BTC) on Tuesday, marking the company’s first wallet movements since July.
The SpaceX-labelled wallet “1MDyM” transferred $130 million worth of Bitcoin to address “bc1qj,” while another SpaceX wallet “1AXeF” sent $127 million in Bitcoin to address “bc1qq,” according to data from blockchain intelligence platform Nansen.