A wallet associated with space technology company SpaceX transferred over $150 million in Bitcoin (CRYPTO: BTC) Tuesday, marking its first on-chain activity in over three years.
What Happened: On-chain analytics platform Arkham detected a transaction of 1,308 BTC, worth $154.40 million, from a wallet tied to the Elon Musk-led firm to a previously inactive wallet. This is the first outbound transfer recorded from this wallet since June 10, 2022.
The recipient wallet remains unidentified, with no activity observed since the transfer. In 2022, the same wallet transferred 3,505 BTC, valued at $102 million, to Coinbase.