‘Are They Planning To Sell?’—Elon Musk Suddenly Sets Crypto Price Alarm Bells Ringing After Breaking His Silence On Bitcoin

‘Are They Planning To Sell?’—Elon Musk Suddenly Sets Crypto Price Alarm Bells Ringing After Breaking His Silence On Bitcoin

Elon Musk’s rocket company SpaceX has moved almost $270 million worth of bitcoin, setting alarm bells ringing as crypto watchers ask if he’s "planning to sell."

SpaceX Moves $268 Million in Bitcoin After Three-Month Hiatus

After three quiet months, @SpaceX is back on the blockchain radar. The aerospace giant has transferred 2,495 BTC, worth about $268.5 million, to two new wallets, its first major Bitcoin movement since July. According to on-chain data flagged by @spotonchain, the funds were split between two addresses:  1,187 BTC (~$127.8M) sent to bc1qq…4sduw  1,208 BTC (~$130.7M) sent to bc1qj7…6kqef So far, both addresses remain inactive, with no further tran…

Elon Musk’s SpaceX shifts $270 million in Bitcoin

Key Insights: SpaceX has moved $270 million in Bitcoin from its address, potentially signaling another selling spree. The company once owned almost 26,000 BTC in 2021 but now has less than 6,000 BTC. Elon Musk’s companies have reduced their Bitcoin holdings, despite Musk recently praising the asset as superior to fiat. Elon Musk-owned startup SpaceX has moved 2,495 Bitcoin to new addresses for the first time in more than three months. The compa…

SpaceX Transfers $268 Million Worth of Bitcoin to Two New Wallets

SpaceX, Elon Musk’s aerospace company, has made a huge Bitcoin transaction of roughly $268 million. This is the first time the corporation has done anything with cryptocurrency in three months. Arkham Intelligence says that the money was sent to two new digital addresses, and there are no records of any other outgoing transactions.  This move follows a trend of SpaceX experimenting with blockchain from time to time, suggesting that the company i…

Elon Musk’s SpaceX moves Bitcoin — First major on-chain activity since July

SpaceX moved $268.5 million in Bitcoin across wallets in its first on-chain activity since July in what appears to be treasury management.