SpaceX, the aerospace company led by Elon Musk, has carried out another major Bitcoin transfer, moving 2,395 BTC valued at approximately $268 million.
The on-chain movement, confirmed by blockchain analytics firm Arkham Intelligence, took place early Tuesday and involved two significant transactions.
According to Arkham’s data, 1,187 BTC were sent to wallet address bc1qq…4sduw, and 1,208 BTC to bc1qj…6kqef. Both receiving addresses remain inactive, showing no further activity since the transfer.
Second Major Bitcoin Movement in Three Months
Notably, this is the second large-scale Bitcoin transaction by SpaceX within a short span. In July 2025, the company moved around 1,300 BTC, worth $153 million at the time, from a wallet that had been dormant for nearly three years.
However, that earlier transfer was later linked to a Coinbase Prime Custody restructuring process rather than an asset sale. This pattern suggests that, once again, SpaceX is reshuffling its holdings internally, likely for security or compliance reasons.
While SpaceX has not issued a public comment, analysts interpret the latest move as part of a routine internal wallet reorganization. Institutional holders like SpaceX often transfer large sums between wallets to upgrade security layers, refresh multi-signature access, or transition to new cold storage setups.
Such moves are common in institutional crypto management and typically indicate custodial maintenance, not trading activity.
Timing Aligns With Bitcoin Price Volatility
The timing of the transaction coincides with a period of market volatility. Bitcoin recently dipped to around $107,000, with several large holders selling or shorting positions to limit exposure. Nevertheless, on-chain data confirms that SpaceX’s transferred Bitcoin remains untouched.
Musk-Linked Firms Hold Over $2 Billion in Bitcoin
Data from BitcoinTreasuries.net shows SpaceX currently holds 8,285 BTC, worth around $894 million at current prices.
Combined with Tesla’s 11,509 BTC reserve, companies tied to Elon Musk collectively control nearly $2.13 billion in Bitcoin.
This positions Musk’s ventures among the most prominent corporate Bitcoin holders worldwide, underscoring their continued commitment to digital assets even amid a turbulent market.
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