Elon Musk’s SpaceX Just Moved More of Its $894 Million Bitcoin Holdings

SpaceX, led by Elon Musk, recently executed another Bitcoin transfer, moving 281 Bitcoin, valued at over $31 million, from Coinbase Prime custody to a new wallet. This follows a series of significant Bitcoin transactions from the company, which has not commented on the reasons behind these moves. Currently, SpaceX holds about 8,285 BTC, valued at $894 million, ranking it as the fourth largest private corporate Bitcoin treasury. Previously, the company held 25,000 BTC before reducing its stake. Elon Musk also made a recent return to social media to discuss Bitcoin's energy consumption, indicating a shift in his perspective since he criticized the cryptocurrency's mining practices in 2021. As interest fluctuates in the crypto market, Musk's comments and SpaceX's activities continue to attract attention.

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