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

SpaceX, the privately held aerospace company led by tech billionaire Elon Musk, made another Bitcoin transfer on Wednesday, continuing a recent flurry of moves. According to on-chain data tracked by Arkham Intelligence, the company moved 281 Bitcoin (over $31 million worth) from Coinbase Prime custody to a fresh wallet. It’s unclear whether the company is simply changing its storage scheme, gearing up to sell the funds, or plans to use the Bitcoin in some other way. Decrypt reached out to SpaceX for comment ...