SpaceX’s first bitcoin wallet movements in six months likely don’t signal sales
Onchain trackers found the newly public company shifted a tiny amount of bitcoin between its own addresses. Nothing reached an exchange.
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Summary
- SpaceX moved tiny amounts of bitcoin between its own wallets for the first time in about six months in transactions suggesting routine maintenance rather than any sale or shift to exchanges.
- The company moved less than $300 worth of its 18,712 bitcoin, worth about $1.16 billion.
- SpaceX’s June 12 initial public offering revealed its full bitcoin position for the first time, more than doubling prior onchain estimates and heightening scrutiny of even minor wallet movements.
