Elon Musk’s space technologies company SpaceXAfter nearly three months of silence, 2,495 BTC transfers worth $268.5 million. According to Arkham Intelligence data, the transaction, which took place on October 21, is the company’s first major transaction since July 24. Bitcoin 
$107,888.00 There was a transfer.
First Change in SpaceX’s Bitcoin Reserve in Two Years
arkhamAccording to ‘s internal blockchain analysis, BTCs were directed to more than one wallet in transfers made from addresses determined to belong to SpaceX. Since the addresses have not yet been labeled, the identity of the buyers has not been clarified and it appears that the Bitcoins carried were not subject to sale. The data shows that there has been a significant change in the company’s reserves for the first time since June 2022. Approximately 8,285 units since then BTC No movement was observed in the balance, which remained constant.
Analyst Aunt Ai, X In his assessment from his account, he stated that the transfer was most likely within the scope of wallet restructuring. Reminding that similar movements in the past were linked to custody transactions with Coinbase Prime, the analyst is of the opinion that the company did not sell or prepare to sell its Bitcoin assets.
Musk’s Companies Align in Bitcoin Strategy
SpaceX warns of Terra-Luna crash and its aftermath in mid-2022 FTX After its bankruptcy, it reduced approximately 70 percent of its reserves. The company did not purchase new Bitcoin after the chain liquidation crisis at that time. Musk’s other company in the same period Tesla He followed a similar path and sold most of his BTC. According to Arkham data, Tesla has 11,509 BTC worth $1.24 billion.
Timing of the transfer cryptocurrency marketIt also attracted attention because it came at a time when Turkey’s economy was weak. While Bitcoin lost 3.21 percent in value in the last 24 hours, falling to $107,685, the total market value decreased by 3.4 percent.
