Elon Musk's SpaceX Shakes Up Bitcoin Market With $133 Million Transfer - Tesla (NASDAQ:TSLA)

Core Insights - SpaceX has transferred over $133 million in Bitcoin, moving a total of 1,215 BTC to various addresses, which has stirred the cryptocurrency market [1][2] - The new wallets receiving the Bitcoin are not identified as belonging to SpaceX, raising questions about the company's future plans for its Bitcoin holdings [2][4] - SpaceX previously held 8,285 BTC valued at approximately $914 million, ranking it fourth among privately held companies with Bitcoin treasuries [2][3] Company Actions - The recent transfer included 300 BTC valued at $33 million and 915 BTC valued at $100.7 million [2] - The transfer occurred shortly after a similar quantity of Bitcoin was moved to addresses under SpaceX's control [1] Market Implications - The significant transfer of Bitcoin by SpaceX could potentially impact the Bitcoin market, as changes in large portfolios often lead to market fluctuations [3][4] - The move reflects a growing trend of major corporations, including Tesla, investing in Bitcoin, with Tesla holding 11,509 BTC valued at over $1.27 billion [3][4]