SpaceX, led by Billionaire entrepreneur Elon Musk, has once again moved a total of 2,395 BTC of its Bitcoin holdings valued at $268 million just three months after its previous major transfer in July. On-chain data from Arkham Intelligence confirms that two significant transactions were made early Monday.
Is SpaceX selling Bitcoin? The motive behind the transfer remains unknown.
According to blockchain researcher Arkham Intelligence, reports that SpaceX recently moved 1,187 BTC to wallet bc1q…4sdu and 1,208 BTC to bc1q…6kqe, totaling around $268 million at current prices.
Interestingly, both receiving wallets remain inactive, with no signs of selling or further transfers.
This isn’t SpaceX’s first major Bitcoin move. In July 2025, the company shifted roughly 1,300 BTC ($153 million) from a previously dormant wallet, its first activity in three years.
That transfer was later identified as part of a Coinbase Prime Custody account transition, rather than a market sale, suggesting it was an internal wallet adjustment.
Crypto analysts believe this latest transfer is likely an internal wallet reshuffle. Institutional Bitcoin holders like SpaceX often move coins between wallets as part of security updates or risk management, especially when using multi-signature cold storage and optimized custody solutions.
However, the transfer comes at a time when Bitcoin is struggling to hold its price, recently dipping to $107K. Many whales are selling to limit losses, and some major holders are even shorting Bitcoin.
At present, all transferred BTC remains untouched.
Despite the recent move which raise the investors eyebrow, Bitcoin treasury data indicates that SpaceX currently holds approximately 8,285 BTC across its recognized wallets, with an estimated total value above $894.32 million.
Combined with Tesla’s 11,509 BTC reserve, Elon Musk–linked companies now hold around $1.24 billion in Bitcoin, making them among the most significant corporate Bitcoin treasuries globally.
No, current data indicates this is likely an internal wallet reorganization, not a sale. The transferred Bitcoin remains in inactive wallets and has not been sent to any known exchange.
Following this transfer, SpaceX holds approximately 8,285 Bitcoin, valued at over $894 million, across its recognized corporate treasury wallets.
The transfer did not involve selling, so it had no direct impact on Bitcoin’s market supply or price. The coins were moved between internal, controlled wallets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market is once again captivated by politically themed tokens as World Liberty Financial…
Ripple Labs is on an aggressive mission to dominate financial infrastructure. Since early 2025, the…
The crypto market is heating up fast, and 2025 could be the year fortunes are…
The crypto market is picking up again. The total market value has risen to $3.55…
Coinbase has launched a new platform giving retail investors early access to digital tokens in…
The FET price USD has shown a strong November recovery, breaking from a local swing-pattern…
