SpaceX, under Elon Musk’s leadership, shifted $133 million in Bitcoin, rattling the cryptocurrency market. The firm transferred 1,215 Bitcoin to different addresses, following a similar move days earlier. The company moved $133.7 million on Friday, with 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.

Prior to these transactions, SpaceX held 8,285 BTC, valued around $914 million, ranking fourth among privately held companies with Bitcoin treasuries. Tesla Inc. also boasts a significant Bitcoin portfolio, with 11,509 BTC worth over $1.27 billion. SpaceX’s recent Bitcoin transfer, while significant, raises speculation about its future plans for the cryptocurrency.

The large Bitcoin transfer by SpaceX could impact the market, given its substantial holdings. This trend of major corporations diving into Bitcoin investments is highlighted, with Tesla Inc. also maintaining a notable Bitcoin portfolio. SpaceX’s silence on the matter has fueled speculation about potential sales or investments, stirring interest in its next move.

Read more at Yahoo Finance: Elon Musk’s SpaceX Shakes Up Bitcoin Market With $133 Million Transfer