Activity continues on the front of Tesla CEO Elon Musk, who is known for his support of Bitcoin (BTC) and cryptocurrencies, especially Dogecoin (DOGE).
At this point, the address linked to Elon Musk’s space exploration company SpaceX transferred $268 million worth of BTC to the unlabeled wallet.
According to a post by on-chain analyst ai_9684xtpa, an address purportedly belonging to SpaceX transferred 2,395 BTC worth $268 million to an unlabeled address for the first time in three months.
1,187 BTC was transferred to the address ‘bc1qq…4sduw’ and 1,208 BTC was transferred to the address ‘bc1qj7…6kqef’. So far, no new BTC has been transferred or sold from any of the recipient addresses.
This transaction follows a similar transfer from the same address in July, which saw $152 million worth of BTC transferred for the first time in three years. This transfer also marks the first major Bitcoin movement from the same wallet in three months.
However, the analyst reminded that it should be noted that the recipient address of SpaceX’s sudden transfer in July was marked by Arkham as a Coinbase Prime Custody address.
The analyst added that he thought the latest transaction might have been an internal wallet change.
*This is not investment advice.
Read the full article here
