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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Elon Musk's SpaceX Moves $133M Worth of Bitcoin, Marking the Second Transfer in a Week

SpaceX's major on-chain crypto activity was last recorded in 2022. (Credit: Wikimedia Commons)

Billionaire entrepreneur Elon Musk's aerospace company, SpaceX, has transferred approximately 1,215 bitcoins—worth over $133 million (£99.8 million)—to new wallet addresses. The transactions occurred on Friday, according to blockchain analytics firm Arkham Intelligence.

This is not an isolated event. Earlier last week, SpaceX moved a similar amount of Bitcoin, but those transfers were made to wallets it controls. The latest activity suggests a strategic move rather than a sale or liquidation.

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