SpaceX Bitcoin Transfers: Market Impact & Potential Strategy Shift

SpaceX has executed three significant Bitcoin transfers within the past 10 days, totaling around $31 million. These transactions, tracked through blockchain analysis, have involved transferring 281 Bitcoin to a new wallet. The movement remains unacknowledged by SpaceX or Elon Musk, but its magnitude suggests strategic management of their treasury. While such actions haven’t been officially commented on, they have generated considerable attention within the crypto market due to their scale and influence on sentiment.