SpaceX has moved $153 million of its Bitcoin holdings, marking its first blockchain activity in three years, according to on-chain data provider Arkham Intelligence.
The aerospace company moved 1,308 BTC tokens from 16 Pay-to-Public-Key-Hash addresses to a sole SegWit-compatible Pay-to-Witness-Public-Key-Hash wallet address, the data shows. SpaceX currently has 8,285 Bitcoin, or $988.89 million worth of the token, on its balance sheet, according to data from bitcointreasuries.net.
SpaceX last moved its Bitcoin in June 2022, sending more than 3500 tokens to Coinbase.
The firm's reasons for recently moving its Bitcoin were not immediately clear.
A company representative did not respond to Decrypt’s inquiry into its on-chain activity.
SpaceX was founded by South African-born billionaire Elon Musk in 2002. It first disclosed holding Bitcoin in July 2021. Musk’s electric-vehicle firm Tesla also holds $1.37 billion worth of the cryptocurrency, according to data from bitcointreasuries.net.
The private company’s movement of its Bitcoin comes several days after the Trump administration initiated a review of SpaceX’s government contracts and shortly after a public spat between U.S. President Donald Trump and Elon Musk. Government contracts have served as a major financial lifeline for SpaceX, which has notched at least $1 billion worth of government contracts, loans, subsidies, and tax credits annually since 2016.
SpaceX’s recent issues, including Musk’s leadership, have raised concerns about whether the company will turn to selling its Bitcoin to shore up funds. But, the company may not need to resort to selling its digital assets anytime soon.
The firm is planning to sell about $1 billion of its shares in a deal that could set its valuation at $400 billion, the Financial Times reported in early July, citing several people familiar with the matter.
Bitcoin was recently trading at about $119,800, up more than 2% over the past 24 hours, according to crypto markets data provider CoinGecko. BTC, the largest cryptocurrency by market value, has risen 21% over the past month.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
