
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.