SpaceX makes a $ 257 million bitcoin transaction for the first time in six months

SpaceX has transferred bitcoins to BTC $107,822.00 Mezo Wrapped BTC -4.50% Market capitalization $36.56 million VOL. 24 hours $4.08 billion for a total of $ 257 million, the first such transaction since July. According to Lookonchain analysts, two large transfers were recorded: 1,298 BTC (approximately $ 139 million) and 1,197 BTC (approximately $ 128 million), which were transferred to two separate wallets. After receiving the funds, the addresses remain inactive, and the company did not comment on the purpose of the transactions.

The last movement of SpaceX crypto assets took place in July 2024, when 1308 BTC worth $ 152 million were transferred. Before that, similar transactions were recorded only in June 2022. According to Arkham Intelligence, the company currently controls 5,790 BTC with a total value of about $ 630 million at the current exchange rate.

SpaceX’s cryptocurrency reserves became known in 2021, when the company, together with Tesla, confirmed its ownership of bitcoin. At the time, Tesla purchased $ 1.5 billion worth of BTC, but later temporarily stopped accepting cryptocurrency as a payment due to environmental risks associated with mining.

on October 14, Elon Musk commented on the energy nature of bitcoin, saying that fiat money can be counterfeited or printed, while energy cannot. In his opinion, it is the energy base that makes bitcoin unique and protected from counterfeiting.

According to a study by the University of Cambridge, in 2025, more than 52% of bitcoin mining will be done through renewable energy, and according to other estimates, up to 55%. Tesla has not yet returned the ability to pay in cryptocurrency. In early 2024, Musk also suggested that bitcoin could become a potential currency for future settlements on Mars.