SpaceX Transfers $105M in Bitcoin — Musk’s Crypto Custody Strategy in Motion?
SpaceX, the space exploration outfit run by Elon Musk, quietly moved 1,163 bitcoins, worth around $105 million, into a brand-new wallet...
Quick overview
- SpaceX moved 1,163 bitcoins, valued at approximately $105 million, into a new wallet, indicating a potential security measure rather than a sell-off.
- The company has consolidated its holdings from 25,000 BTC in 2022 to 6,095 BTC, now worth about $553 million, making it the 4th largest private BTC holder.
- Bitcoin's market has seen a recent uptick, rising 4.35% in 24 hours, as investors react to SpaceX's strategic moves and broader market conditions.
- Analysts suggest that significant transfers like SpaceX's are often indicative of companies preparing for future developments in the crypto space.
SpaceX, the space exploration outfit run by Elon Musk, quietly moved 1,163 bitcoins, worth around $105 million, into a brand-new wallet on Thursday. This happened while Asian markets were starting to stir, suggesting it might have been a precautionary measure rather than a major sell-off.
According to the researchers at Arkham Intelligence, this move comes hot on the heels of the company doing a massive shuffle back in October – that time, they moved 1,215 BTC – worth $133.7 million – to a raft of different addresses.
Right now, SpaceX has 6,095 BTC stashed away in its wallet, which brings the total value to about $553 million – & if you believe the numbers at BitcoinTreasuries, that puts SpaceX 4th on the list of private BTC holders.
Custody Shuffle, Not a Sale
It’s worth noting that the SpaceX wallet was as good as dead for three years, but it roared back to life in late July 2025. Back in 2022, the company was sitting on as much as 25,000 BTC – but it’s since consolidated those holdings to the much smaller number we see today.
ELON MUSK’S SPACEX TRANSFERRED $105.23M WORTH OF BITCOIN TO UNKNOWN WALLETS ON WEDNESDAY
The company now holds 6,095 BTC worth $552.9M! 🚀 pic.twitter.com/xUcDoFbOuB
— That Martini Guy ₿ (@MartiniGuyYT) November 27, 2025
Of course, SpaceX isn’t saying what prompted this latest move – but investors are likely looking at it as a sign that they’re upping their security game, rather than a sign that they’re getting ready to cash in some of their chips. And they’re right to – it looks like the money just sat in one wallet – no exchange activity or anything like that.
People who keep an eye on the space say that big transfers like this are usually a sign that a company is preparing for what might be coming down the line. One person on X said something profound – that sometimes the most important moves are the ones that are made quietly, rather than the ones that are flamboyantly announced.
Bitcoin Market Reaction
On the market side, Bitcoin has had a bit of a turnaround – it’s up 4.35% in 24 hours after a rough month. It’s now at $91,230 – that’s after a 19.76% drop just a few weeks ago. The wider crypto market has had a boost as well – it’s up 3.35% – and some folks are saying that’s because there’s a level of support around $86K that’s being tested by an analyst named Lennaert Snyder.
There’s still a bit of resistance to get past before Bitcoin can really make a run at $93K – it’s sitting just below $89K right now. But one thing’s for sure: this move by SpaceX is just the latest sign that more and more companies are paying serious attention to keeping their bitcoin safe and secure, even as the market goes a bit haywire.
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