SpaceX Bitcoin Transfer 2,400 BTC in Internal Restructure
SpaceX Bitcoin transfer resumed after a three-month pause, moving 2,395 BTC (≈$268 million) on October 21. On-chain analytics by ai_9684xtpa report 1,187 BTC to bc1qq…4sduw and 1,208 BTC to bc1qj7…6kqef, while Arkham Intelligence notes a total of 2,495 BTC shifted. Analysts interpret the move as an internal wallet restructuring via Coinbase Prime Custody rather than a spot-market sale. This SpaceX Bitcoin transfer is the largest since July’s $152 million shift and leaves its reserves at about 5,790 BTC. Traders should follow on-chain data for any further reserve adjustments or liquidation signals, though no immediate market impact has been observed.
Neutral
The internal wallet restructuring indicates SpaceX has no intention to liquidate its Bitcoin holdings, minimizing immediate sell pressure on BTC. Historical patterns of custody adjustments by Musk-led firms have not triggered notable market moves, suggesting limited short-term volatility. In the long term, maintaining substantial reserves reinforces SpaceX’s buy-and-hold stance, supporting market stability. Traders can therefore expect a neutral impact on BTC price unless further reserve shifts signal liquidation.