- SpaceX moved 2,395 BTC worth $268M after three months inactivity.
- Transfers occurred as Bitcoin price slipped below the $110,000 level.
- SpaceX now holds 5,790 BTC valued at about $626 million.
A SpaceX-linked wallet transferred $268 million worth of Bitcoin to two separate addresses on Tuesday, according to data from Arkham Intelligence. The transfer marks the company’s first major Bitcoin movement in three months and comes as Bitcoin prices fell below $110,000.
On-chain analyst Ai Yi reported that the transfer appeared routine and could be an internal wallet reorganization rather than a sale. “It looks like standard housekeeping, as the firm also paid a transfer fee to Coinbase Prime before the transaction,” the analyst said.
Two Large Transfers to New Wallets
Meanehile, Arkham data showed that SpaceX transferred 2,395 BTC in total. About 1,187 BTC were sent to a wallet beginning with “bc1qq78,” while 1,208 BTC went to another starting with “bc1qj7e.” Both addresses currently hold only Bitcoin and have shown no signs of further movement or liquidation.
The previous transfer from SpaceX occurred in July 2025, when the company moved 1,308 BTC, worth around $153 million, to a Coinbase Prime Custody wallet after three years of inactivity. Analysts believe the current transaction follows the same pattern, indicating internal fund management rather than an offload.
SpaceX’s Current Bitcoin Holdings
Following the transfer, the SpaceX-linked wallet now holds 5,790 BTC, valued at about $626.7 million based on current prices. Before the latest transactions, SpaceX reportedly held 8,285 BTC, equivalent to roughly $895 million.
The company’s Bitcoin holdings remain larger than those of several public firms, including GameStop and Semler Scientific, but trail behind Tesla, which holds about 11,509 BTC valued at $1.24 billion.
Both SpaceX and Tesla have maintained Bitcoin in their balance sheets since 2021. Tesla sold 75% of its Bitcoin holdings in 2022 but remains among the top corporate holders. Combined, Musk-linked companies currently hold around $1.86 billion in Bitcoin.
As of press time, Bitcoin is trading at $107,875, down 2.9% in the past 24 hours. Despite the decline, analysts view SpaceX’s transfer as a regular operational move rather than a signal of market activity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
