Spacex switched 1,308 Bitcoin, costing about $ 153 million, at its first onchain activity for three years. The movement is that -flag of Arkham Intelligence, which monitors purses tied to the company.
The bitcoin (Btc) was removed from 16 pay-to-public-key-Hash (P2PKH) addresses and combined with a single compatible pay-to-witness-public-key-Hash (P2WPKH) address, where it remained at the time of publication. BTC movements from 16 separate addresses to one can make it easier to manage and possibly cheaper to spend later funds.
While the cause of moving possessions is unclear, the nature of the move suggests a strategic adjustment rather than a reactive action.
Spacex is a private aerospace company established by Elon Musk in 2002. First the company disclosed its BTC handling In July 2021, next to Tesla. Buying is part of Musk’s broader approach to varying -to change his companies’ possessions and support crypto adoption.
Neither Spacex nor Musk did not comment on the move.
Contract tensions grow as alternative pentagon eyes Spacex
The Spacex’s decision to combine bitcoin handles is coming as the company has navigted to increase political uncertainty.
In early June, US president administration Donald Trump reportedly threatened to check or cancel about $ 22 billion in Spacex Contracts In the midst of a dispute between Trump and Musk in X. Although most contracts are considered “too critical to US interests to eliminate,” the episode signed growing political tension and raised questions about Spacex’s long-term stand with the US government.
https://www.youtube.com/watch?v=DBYVWY_BR7Q
Today, Pentagon announced its decision to diversify its partners for the Golden Dome Missile Defense System, a $ 175 billion missile defense initiative to generate a satellite-based network to detect and monitor incoming threats.
Reported by Reuters.
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From memecoins to stablecoin metals
Since the 2021 Bitcoin Bull Run, Elon Musk’s relationship with Crypto is nothing but straightforward. His early tweets endorsed by Dogecoin sent memecoin sinking, just to fall 30% Following his appearance on the TV sketch comedy show “Saturday Night Live.”
In the same year, Tesla A $ 1.5 billion Bitcoin purchase announced and briefly accepted BTC as payment. The decision is immediately reversed to the environment concernsAnd a portion of the company’s handling is sold.
After obtaining Twitter in 2022 and re -rebraning it as X, Musk started the basis for A greater financial ecosystem. X Secure Money Transmiter licenses across the US, and expressed the Backend Code Early development of a native crypto purse. While there are no crypto features launched to the public, Blockchain integration remains part of the long -term vision.
In a 2024 podcast, venture capitalist Chamath Palatiya said Spacex uses stablecoins to collect starlink payments on emerging marketsby avoiding the traditional banking metal. “They didn’t want to deal with the sending of the wires … so they changed to the stablecoins,” he said.
Now, Spacex is estimated hold Approximately 6,977 BTCs, costing about $ 815 million, positioning it quietly with the largest holders of corporate bitcoin.
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