Elon Musk’s SpaceX Has raised eyebrows in the crypto community, after the transfer of his Bitcoin interests for the first time in three years. This has expressed concern about the possibility that the company wants to load its coins.
The SpaceX from Elon Musk brings Bitcoin Holdings to a new address
In one XOnchain Analytics Platform Arkham Intelligence revealed that the SpaceX from Elon Musk Bitcoin has just moved for the first time in three years in three years. The company sent 1,300 BTC ($ 153 million) to a new address this morning. Arkham then wondered if this transfer was just a switch to cycle the guardianship portfolios or a plan to sell.
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SpaceX has transferred the funds to an unknown wallet (BC1Q8 ….Partf), suggesting that this step is only for detention instead of selling them. In particular the last time that Elon Musk’s company has moved part of his Bitcoin Holdings was to coinbaseThree years ago, which was more an indication to sell than this recent transfer.
There is a possibility that Elon Musk’s SpaceX would probably have moved this $ 153 million to Coinbase, instead of a new address, if it was planning to discharge these coins. Arkham -data Show that the coins in the new address remain untouched after the transfer. In the meantime, it is worth noting that the company still has 6,977 BTC ($ 827.41 million) in its recognized portfolios.
SpaceX first revealed his Bitcoin companies in 2021. This was around the same time that Elon Musk’s Tesla It also announced that the Bitcoin had bought and investigated the possibility of accepting BTC as a payment option. Arkham -data Show that Tesla 11,509 BTC, worth around $ 1.37 billion.
Tesla has not moved any of his coins for the past nine months. In the meantime, the company also counts as the 10th largest public Bitcoin Treasury, according to Bitcointreasuries’ Data.
Musk’s belief in Bitcoin is growing
The faith of Elon Musk in Bitcoin’s potential seems to grow like a hedge, making it unlikely that SpaceX wants to discharge its coins with his recent transfer. Earlier this month, the The richest man in the world confirmed That his American party Bitcoin will embrace as “Fiat is hopeless.” He made this comment in the midst of the death of the Big Beautiful Bill, which increases government spending and is Bullish for BTC, because it has a limited offer compared to the dollar.
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Elon Musk was also said to have liked A comment Made by a member of the crypto community about the world’s richest man who may stack Bitcoin, given the impending money print of the government. This suggests that Musk indeed wants to invest heavily in Bitcoin. BTC Maximalist Max Keizer also found me That musk would soon be a maximalist himself.
At the time of writing, the Bitcoin price acts at around $ 18,600, in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Pixabay, graph of TradingView.com