Bitcoin News Update: Are SpaceX’s Anonymous Bitcoin Wallets a Calculated Strategy or an Indicator of Market Liquidity?
- SpaceX transferred $133.7M in Bitcoin to unlabeled wallets this week, its first major blockchain activity since July 2025. - The company holds 6,970 BTC ($770M), ranking fourth among private firms, though holdings dropped from 25,000 BTC in 2022 due to market volatility. - Analysts suggest the transfers consolidate old wallets, but unlinked addresses raise speculation about liquidity needs or strategic repositioning. - Tesla separately holds 11,509 BTC ($1.27B), generating $600M in profits via accounting
SpaceX, led by Elon Musk, has ramped up its on-chain
As reported by CoinMarketCap, SpaceX now possesses roughly 6,970 Bitcoin, with an estimated value of $770 million, making it the fourth-largest private company holding Bitcoin. This is a significant drop from its 2022 peak of 25,000 Bitcoin, which was reduced during the market upheaval after the Terra-Luna crash and FTX collapse, CoinMarketCap noted. Experts believe these recent transactions are likely consolidating older wallets into newer ones, though SpaceX has not indicated any plans to sell, Yahoo Finance reported.
This uptick in activity has caught the attention of market watchers, with some theorizing about possible liquidity requirements or a shift in strategy, according to a
As of Friday, Bitcoin was trading near $110,500, about 12% below its record high, CoinMarketCap stated. While these transfers did not cause immediate price swings, they highlight the increasing focus of corporations on managing Bitcoin reserves, Investor Empires observed. Industry analysts note that such movements often come before major strategic announcements, though SpaceX’s lack of comment leaves room for speculation, Watcher.guru reported.
---
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Romania Prohibits Polymarket: Authorities Enforce Restrictions on Cryptocurrency Betting
- Romania banned Polymarket, a blockchain-based prediction market, for unlicensed gambling during elections, citing legal violations. - Global regulators in the U.S., France, and others have also restricted Polymarket, with the U.S. imposing a $1.4M fine in 2022. - Despite bans, Polymarket secured a $2B investment from ICE in 2025 and plans a regulated U.S. relaunch by late 2025. - Regulators warn unlicensed "counterparty betting" risks money laundering and erodes oversight, emphasizing legal compliance ov
U.S. Court Case Puts DeFi to the Test: Will Regulation Hinder Innovation?
- U.S. prosecutors challenge DeFi's "honest validator theory" in a $25M MEV bot trial, arguing blockchain loopholes enable market manipulation. - MEV bots exploit transaction ordering to siphon profits from traders, deterring institutional adoption due to manipulation risks. - A ruling against defendants could force stricter MEV regulations, reshaping DeFi protocols and global crypto compliance standards. - Institutional hesitation persists despite Bitcoin/Ethereum collateral moves, as MEV risks and regula
Romania References Blockchain as a Cover for Unlawful Gambling, Adds Polymarket to Blacklist
Solana News Today: Crypto Investors Consider Presale Buzz Against Established Reliability Amid 2025's Unpredictable Market
- La Culex ($CULEX), an Ethereum-based meme coin, offers a presale with a 16.8% ROI and projected 300x returns via viral marketing and token burns, per Digital Journal. - Bitcoin Cash (BCH) trades at $553.42 with $11B market cap, showing consolidation near $549-$570 resistance levels and 6.23% daily trading volume share. - Solana (SOL) maintains $102.49B market cap at $186.40, leveraging 3,000 TPS hybrid PoH/PoS tech and institutional partnerships despite recent $188M whale outflows. - Market strategies ba
Trending news
MoreCrypto prices
More
