SpaceX, led by billionaire entrepreneur Elon Musk, has moved a total of 2,395 BTC of its $268 million Bitcoin holdings again, just three months after the previous major transfer in July. On-chain data from Arkham Intelligence confirms that two significant trades were executed early Monday.
Does SpaceX sell Bitcoin? The motive behind the transfer remains unknown.
Details of the $268 million SpaceX transfer
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, which totals approximately $268 million at current prices.
Interestingly, both receiving wallets remain inactive, with no signs of sales or further transfers.
This isn’t SpaceX’s first major Bitcoin move. In July 2025, the company roughly changed 1,300 BTC ($153 million) from a previously dormant wallet, the 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.
Motive behind SpaceX’s Bitcoin transfer
Crypto analysts believe that this latest transfer is likely an internal wallet reshuffling. 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 maintain its price, recently falling to $107,000. Many whales are selling to limit losses, and some large holders are even shorting Bitcoin.
Currently, all transferred BTC remains untouched.
SpaceX’s current Bitcoin holding
Despite the recent move that has raised investor eyebrows, Bitcoin treasury data indicates that SpaceX currently holds around $500 million 8,285 BTC left are recognized wallets, with an estimated total value of over $894.32 million.
Combined with Tesla’s reserve of 11,509 BTC, companies linked to Elon Musk now own approximately $1.24 billion worth of Bitcoin, making them among the top Bitcoin treasuries worldwide.
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