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.
AI Summary
SpaceX moved small amounts of bitcoin between its own wallets for the first time in six months, with transactions totaling less than $300 of its $1.16 billion holding. The movements did not involve any exchange deposits and appear to be routine maintenance, not a sale. The company's June 12 IPO revealed its full bitcoin position for the first time, heightening attention on even minor wallet activity.