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Benzinga

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Aniket Verma

Elon Musk's SpaceX Moves Its Bitcoin For First Time In 3 Years, Analytics Firm Notes Over $150 Million Worth Of Coins Moved To Fresh Address

Elon Musk SpaceX Bitcoin Arkham Tesla Inc.

Hawthorne,,California,,Usa,-,July,5,,2022:,Spacex,Headquarters,In

A wallet associated with space technology company SpaceX transferred over $150 million in Bitcoin (CRYPTO: BTC) Tuesday, marking its first on-chain activity in over three years.

What Happened: On-chain analytics platform Arkham detected a transaction of 1,308 BTC, worth $154.40 million, from a wallet tied to the Elon Musk-led firm to a previously inactive wallet. This is the first outbound transfer recorded from this wallet since June 10, 2022.

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