Elon's SpaceX Moves $94 Million Worth of Bitcoin, Possibly Related to IPO?

On the 10th, Elon Musk's aerospace company SpaceX transferred approximately $94 million (about 14.6 billion yen) worth of the cryptocurrency Bitcoin (BTC). The company has conducted several large-scale transfers since October.

Blockchain analytics firm Arkham identified two Bitcoin addresses owned by SpaceX, to which a total of about 1,021 BTC were sent. The breakdown was 407 BTC and 614 BTC respectively.

Arkham points out that for about the last two months, SpaceX has been moving approximately $100 million worth of Bitcoin each week. Since July, SpaceX has been transferring Bitcoin...