SpaceX Moves Bitcoin After 3-Year Dormancy: Implications of a Possible Sell-Off

Reported 2 days ago

SpaceX has moved approximately 1,300 BTC worth over $153 million for the first time in three years, raising speculation about a potential sell-off or a wallet custody adjustment. The company's Bitcoin holdings, initially around 26,000 BTC purchased in 2021, have seen significant reductions. Amid ongoing scrutiny over its government contracts and efforts to raise funds for further valuation, the recent movement of assets has drawn attention in the cryptocurrency market.

Source: YAHOO

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