Elon Musk’s SpaceX has recently transferred an impressive $133 million worth of Bitcoin to new wallets, sparking speculation about its underlying asset management strategy. This follows a similar significant crypto transfer just days ago, raising questions about the company’s approach to handling digital assets. 🕵️♂️ 📈 💼 💰 While SpaceX remains tight-lipped about specific strategies and motivations for this move, the transactions are closely watched by analysts and investors alike. The company’s digital wallet activity is being scrutinized, with Arkham Intelligence and Lookonchain confirming these latest transfers. 🔎 🌎 Despite the transfer initially causing a slight dip in BTC prices, the asset stabilized near $110,500 soon after. This action marks SpaceX’s second major crypto movement within a week, further emphasizing their involvement in the digital currency landscape. 🚀 SpaceX’s portfolio now stands at approximately 6,970 BTC, solidifying its position as a significant private Bitcoin holder and suggesting an emphasis on asset security over speculative market engagement. This move raises questions about how traditional institutions approach crypto investments. SpaceX has been known to reduce holdings following major financial events like the Terra-Luna collapse and FTX bankruptcy. This cautious approach underlines a broader focus on portfolio safety, rather than short-term market gains.