Home » Markets » Elon Musk’s SpaceX moves over $130M in BTC to new wallets with small transfer to Coinbase Prime
Questions remain as the company’s shifting digital asset holdings could signal internal restructuring rather than any immediate plan to sell.
Key Takeaways
- SpaceX moved over $130 million worth of Bitcoin to new addresses, with a small amount sent to Coinbase Prime.
- The purpose of the transfers is unclear, but may involve storage reorganization rather than liquidation.
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A wallet tied to SpaceX moved more than 1,200 Bitcoin worth over $130 million to new addresses today, according to data from Arkham Intelligence. About $150 in BTC was transferred to Coinbase Prime.
The movement follows recent on-chain activity from the space exploration company, which transferred $153 million in Bitcoin in late July, its first transaction in three years. Earlier this week, the SpaceX-labeled wallet moved an additional $268 million in Bitcoin to new addresses.
After these transfers, the wallet retains 6,970 Bitcoin. The wallet’s balance stood at 8,285 Bitcoin as of July 2025.
Bitcoin reached $112,000 today following lower-than-expected US September inflation data, before retreating to $109,700. The digital asset currently trades at approximately $110,300.
