SpaceX Executes Third Major Bitcoin Transfer in 10 Days, Fueling Speculation on Crypto Strategy

SpaceX has executed its third significant Bitcoin transfer within a span of ten days, according to blockchain data analysis. This action involved moving a substantial amount of Bitcoin, totaling over 2,495 BTC, with Elon Musk’s company currently holding around $625 million worth of the cryptocurrency. The lack of clarity on SpaceX’s exact intentions behind these transfers has sparked debate and speculation within the market. While no immediate sell-offs are observed, analysts suggest that these actions may reflect a strategy focused on asset consolidation rather than liquidation.