SpaceX Moves Over $900M in Bitcoin to Self-Custody Wallet

Published: 2025-10-30 15:06:46 |

SpaceX moves over $900M in Bitcoin to a new self-custody wallet in two major transfers tracked by Arkham Intelligence. First, it sent 281 BTC (~$31M) from Coinbase Prime to an institutional wallet. Then, it consolidated 94,000 BTC (~$894M) from Coinbase Custody into a self-hosted wallet. These moves underline SpaceX’s long-term Bitcoin conviction and a focus on security. No sales were recorded. Traders should watch related BTC wallet activity and on-chain data for potential market impacts.

Bullish

SpaceX consolidating Bitcoin into self-custody wallets reduces exchange supply and signals strong long-term confidence. This lowered selling pressure could support upward price momentum in both the short and long term. Traders typically view such internal consolidations as bullish indicators, as they reflect institutional holders favoring security over liquidating assets.