SpaceX moves 1,215 BTC into new wallets amid custody shifts

SpaceX moved roughly 1,215 bitcoins, worth about $133.7 million, to new wallet addresses late last week in the second significant onchain transfer by the company within days, blockchain analytics firms reported. The Friday transfers followed a larger set of moves earlier in the week and were flagged by chain trackers as notable because the destination addresses are newly associated and not broadly labeled as controlled by the company.

Analytics data show the Friday activity split into two transfers, about 300 BTC valued near $33 million and 915 BTC valued near $100.7 million. The transactions came days after the firm arranged roughly $268 million in bitcoin movements on Tuesday, marking the first concentrated onchain activity from SpaceX after several months of dormancy. Onchain timestamps and transaction records indicate standard Bitcoin transfers with typical fees; firms monitoring the chain say there was no immediate, identifiable sale to exchanges tied to these transactions.

Observers and analysts following the blockchain say the pattern of transfers points to internal consolidation and custody changes rather than market sales. The coins appear to have been moved from older,...