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SpaceX Bitcoin Wallet Wakes Up With a Tiny Transaction: What’s Next?

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Arkham Intelligence reported today that a SpaceX-tagged wallet has made a small test transaction after roughly six months of being inactive.

The address, identified as SpaceX (15atF), sent about $88 worth of BTC to another wallet that begins with bc1q9.

The transaction itself is very minor, but the market is starting to pay attention because corporate-linked Bitcoin wallets rarely move BTC without a reason. Small transactions are usually used to test address control or custody setup.

There is no confirmation that the company is preparing to sell. The fact that it sent the BTC to another one of its own wallets could also suggest that this is simply a matter of rotation.

That said, SpaceX currently holds 18,712 BTC worth around $1.16 billion, making it the 8th-largest corporate holder.

It’s also worth noting that the firm recently went public in a historic IPO and joined the Nasdaq 100 index yesterday. The index is one of the world’s most widely-followed technology benchmarks, and is also serving as the foundation of countless funds and investment products designed to track its performance.

Amats SpaceX Bitcoin Wallet Wakes Up With a Tiny Transaction: What’s Next? appeared first on CryptoPotato.

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