In an operation that captured the attention of the Asian market this Thursday, the aerospace company SpaceX mobilized a total of 1,163 Bitcoin to a new wallet address. On-chain data confirms that the transfer has an approximate value of 105 million dollars, reinforcing speculations about a strategic reorganization of digital assets by Elon Musk’s company. Industry analysts suggest that these SpaceX Bitcoin movements could be directed to Coinbase Prime, indicating an intention for secure custody rather than an immediate liquidation in the open market
The transaction occurs just one month after the firm carried out another significant operation, moving 1,215 BTC in October to multiple new addresses. With this latest transfer, SpaceX’s wallet now retains a balance of 6,095 Bitcoin valued at 553 million dollars, consolidating its position as the fourth private company with the largest treasury in this asset. Despite the company’s official silence regarding the exact purpose, the behavioral pattern points to long-term treasury management and not impulsive panic selling.
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On the other hand, it is crucial to understand the historical context of these operations to avoid unfounded alarmism. The company’s wallet remained inactive for three years before resuming activity in late July 2025, suggesting a planned reactivation of its financial infrastructure.
Blockchain analysis experts point out that large institutional transfers are usually not improvised decisions, but part of an enhanced security strategy or preparation for future corporate moves. The absence of outflows from the receiving wallets reinforces the theory that the funds remain under the entity’s direct control.
Likewise, the cryptocurrency market has reacted with relative calm to the news, interpreting the move as a sign of institutional maturity. Bitcoin has managed to rebound 4.35% in the last 24 hours, currently trading at $91,230 after successfully defending the $86,000 support. The immediate resistance sits at 89,000 dollars, a key level that must be consolidated to seek new highs, demonstrating that market liquidity has not been negatively affected by these corporate fund transfers.
To conclude, the investment community remains vigilant for any additional signals coming from wallets linked to Elon Musk. While Tesla and SpaceX maintain significant exposure to Bitcoin, current patterns indicate a clear preference for secure custody over active selling, which could be interpreted as a bullish signal of confidence in the asset’s future valuation. It is expected that in the coming weeks it will be clarified whether these movements respond to a simple internal audit or preparations for a new phase of financial expansion.
