The transaction involved transferring 1,308 bitcoins from a wallet identified as controlled by SpaceX to a previously inactive address.
A Bitcoin wallet linked to space company SpaceX has moved
over $150 million worth of Bitcoin for the first time in more than three years,
marking its first recorded activity since mid-2022. The recent transaction has
drawn attention in cryptocurrency circles, raising questions about the
company’s intentions with its significant bitcoin holdings.
According to blockchain analytics platform Arkham, SpaceX
transferred 1,308 Bitcoins (BTC) from a wallet identified as controlled by the
company to a previously inactive address. The transaction marks the first
outbound Bitcoin movement since June 10, 2022, when SpaceX transferred 3,505
BTC, worth approximately $102 million at the time, to Coinbase, a popular
cryptocurrency exchange.
SpaceX Awakens Dormant Bitcoin Wallet with $153 Million
Transfer
SpaceX’s Bitcoin wallet, which had been untouched since
mid-2022, executed a transfer involving 1,308 BTC to a previously inactive
address. According to data from Arkham, this transaction represents the first
outbound Bitcoin move since June 10, 2022, when SpaceX moved 3,505 BTC valued
at approximately $102 million, transferring those coins to
Coinbase.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The current recipient wallet remains unidentified and has
shown no subsequent activity following the transfer. This has left analysts
pondering the nature of the shift—whether it indicates a sale of Bitcoin
assets, internal treasury realignment, or other strategic maneuvering within
SpaceX.
SpaceX Maintains a Massive Crypto Stake
Arkham data shows that SpaceX still holds 6,977 BTC, valued
at around $815 million based on current prices. This makes SpaceX one of the
largest known corporate holders of Bitcoin, trailing behind MicroStrategy and Tesla, which are also significant participants in the
corporate Bitcoin market.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The sudden activation after a three-year pause might suggest
a strategic pivot or reorganization in how SpaceX manages its crypto assets.
Given Elon Musk’s high profile in tech and crypto spaces, this Bitcoin
movement will likely draw further scrutiny and analysis.
Ahead of Tesla Earnings
Wedbush has reaffirmed its Outperform rating and set a $500
price target on Tesla (NASDAQ: TSLA) ahead of the company’s earnings report
scheduled for Wednesday. This target suggests substantial upside potential from
Tesla's current share price of $328.49, according to InvestingPro data. Despite
trading at high valuation multiples, Tesla has delivered strong momentum,
returning 30.6% over the past year.
Tesla Stock, Source: TradingView
Wedbush also spotlighted Tesla’s artificial intelligence
efforts as a critical area of interest for investors. These include an
anticipated shareholder vote later this year on potential investment in Musk’s
xAI venture, alongside ongoing developments in Tesla’s Optimus robotics
program.
A Bitcoin wallet linked to space company SpaceX has moved
over $150 million worth of Bitcoin for the first time in more than three years,
marking its first recorded activity since mid-2022. The recent transaction has
drawn attention in cryptocurrency circles, raising questions about the
company’s intentions with its significant bitcoin holdings.
According to blockchain analytics platform Arkham, SpaceX
transferred 1,308 Bitcoins (BTC) from a wallet identified as controlled by the
company to a previously inactive address. The transaction marks the first
outbound Bitcoin movement since June 10, 2022, when SpaceX transferred 3,505
BTC, worth approximately $102 million at the time, to Coinbase, a popular
cryptocurrency exchange.
SpaceX Awakens Dormant Bitcoin Wallet with $153 Million
Transfer
SpaceX’s Bitcoin wallet, which had been untouched since
mid-2022, executed a transfer involving 1,308 BTC to a previously inactive
address. According to data from Arkham, this transaction represents the first
outbound Bitcoin move since June 10, 2022, when SpaceX moved 3,505 BTC valued
at approximately $102 million, transferring those coins to
Coinbase.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The current recipient wallet remains unidentified and has
shown no subsequent activity following the transfer. This has left analysts
pondering the nature of the shift—whether it indicates a sale of Bitcoin
assets, internal treasury realignment, or other strategic maneuvering within
SpaceX.
SpaceX Maintains a Massive Crypto Stake
Arkham data shows that SpaceX still holds 6,977 BTC, valued
at around $815 million based on current prices. This makes SpaceX one of the
largest known corporate holders of Bitcoin, trailing behind MicroStrategy and Tesla, which are also significant participants in the
corporate Bitcoin market.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The sudden activation after a three-year pause might suggest
a strategic pivot or reorganization in how SpaceX manages its crypto assets.
Given Elon Musk’s high profile in tech and crypto spaces, this Bitcoin
movement will likely draw further scrutiny and analysis.
Ahead of Tesla Earnings
Wedbush has reaffirmed its Outperform rating and set a $500
price target on Tesla (NASDAQ: TSLA) ahead of the company’s earnings report
scheduled for Wednesday. This target suggests substantial upside potential from
Tesla's current share price of $328.49, according to InvestingPro data. Despite
trading at high valuation multiples, Tesla has delivered strong momentum,
returning 30.6% over the past year.
Tesla Stock, Source: TradingView
Wedbush also spotlighted Tesla’s artificial intelligence
efforts as a critical area of interest for investors. These include an
anticipated shareholder vote later this year on potential investment in Musk’s
xAI venture, alongside ongoing developments in Tesla’s Optimus robotics
program.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
Can Your Platform Launch Prediction Markets? A CFTC Compliance Checklist
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
