SpaceX, founded by Elon Musk, has resumed moving part of its Bitcoin reserves. This time, the company transferred 1,021 BTC — about $94.5 million — to two unidentified addresses, with 614 BTC allocated to one and 407 BTC to the other, according to data from Lookonchain.
These operations began in July when the company sent 1,308 BTC to an address that had been inactive until then, marking its first on-chain transaction in over three years. In October, new movements occurred: 1,187 BTC were directed to an address starting with 'bc1qq' and another 1,208 BTC to an address starting with 'bc1qj7'.
In the following month, November, SpaceX transferred another 1,163 BTC, of which 399 BTC were sent to the address “bc1qh…galzy” and 764 BTC to “bc1q4…u54ez”.
For market analysts, this volume of transactions suggests that the company is merely reorganizing its internal wallets.
According to Arkham, SpaceX currently holds about $762 million in Bitcoin, corresponding to 8,285 coins in its possession, considering the exchange rate of approximately $92,000 per unit this Wednesday.
