Elon Musk’s SpaceX Moves $257M Bitcoin, In Second BTC Transfer in 3 Months

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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,”…



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Elon Musk’s SpaceX Moves $257M Bitcoin, In Second BTC Transfer in 3 Months


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,”…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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