SpaceX Transfers $268.5 Million in Bitcoin After Three-Month Pause

Elon Musk’s SpaceX has made a significant transfer of Bitcoin worth $268.5 million, marking their first such move since July. The company moved the funds to two unidentifiable wallet addresses as per on-chain data from Arkham Intelligence. While analysts remain cautious about interpreting the transactions, they believe this could be part of strategic reconfiguration. 1,298 BTC was sent to address ‘bc1qj7enhu6…,’ while another 1,197 BTC went to ‘bc1qq7872pz…’ The wallets have not moved or sold these Bitcoin at the time of reporting. The recent transfers are being analyzed for potential implications on SpaceX’s crypto strategy.