SpaceX, known for its space missions, has once again caught the crypto community’s attention. After months of dormancy, the company has moved 1,163 bitcoins (worth approximately $105 million) to a new wallet linked to Coinbase Prime. Analysts suggest this move is more likely a custody reorganization rather than a sale.
🔹 Transfer During Asian Trading Hours
The transaction took place on November 27 during early Asian trading hours. According to data from Arkham Intelligence, the BTC was sent to an institutional custody address associated with Coinbase Prime.
🔹 Second Similar Transaction
This follows a similar move in October, when SpaceX transferred 1,215 BTC to several new addresses. It appears the company is systematically reorganizing its crypto holdings.
🔹 Current Bitcoin Holdings
After this latest move, SpaceX now holds 6,095 BTC in its known wallet, ranking it as the fourth largest private company in terms of bitcoin reserves, according to BitcoinTreasuries.net.
🔹 Long Inactivity, Quiet Return
Interestingly, the main wallet remained inactive for over three years, only resuming activity at the end of July 2025. Back in 2022, SpaceX was speculated to hold up to 25,000 BTC, but that balance has since been significantly reduced.
🔹 No Signs of a Sell-Off
SpaceX has not released an official statement regarding the purpose of the transfer. However, blockchain data shows no outgoing transactions from the receiving wallets, indicating no liquidation activity. Analysts agree that this is likely internal restructuring or a security upgrade.
🔹 Tesla Holds Even More
Meanwhile, Tesla, another company owned by Elon Musk, holds 11,509 BTC, ranking it 11th among publicly traded companies with bitcoin exposure.
🔹 Bitcoin Rebounds
Following a recent dip, Bitcoin has rebounded, lifting the entire crypto market. SpaceX may be realigning its position in anticipation of another bullish phase.
#SpaceX , #bitcoin , #BTC , #CryptoNews , #CryptoInvesting
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