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SpaceX has made another move.
This time, they transferred 1,083 BTC, which is roughly $100 million at the current price. It's only been 7 days since their last big move, and the pace is quite frequent.
Out of this batch, 800 BTC went into a new wallet starting with bc1qy, worth over $73 million, and they’re still sitting there untouched. Interestingly, the coins they transferred to another new address a week ago are also still in place.
Are they making some kind of capital arrangement? Or is it simply a cold and hot wallet rebalancing? SpaceX's routine of periodic coin transfers always makes people wonder about the deeper reasons.