SpaceX Moves 2,495 BTC to New Wallets in Treasury Reorg

SpaceX moved 2,495 Bitcoin, worth roughly $268 million, to two new addresses on Tuesday in its first onchain activity in nearly three months, blockchain analytics data show. The funds have not been forwarded or sold, and the SpaceX-linked wallet retains about 5,790 BTC, valued at roughly $625 million at current prices.

The transfers were split between two addresses, with onchain records showing about 1,187 BTC and 1,208 BTC sent to separate bech32 addresses. Analysts monitoring the ledger said the pattern closely mirrors a July movement in which SpaceX moved about 1,308 BTC after a three-year pause in activity. Those analysts described Tuesday's transaction as likely a custodial or treasury-management action rather than an attempt to liquidate holdings.

Blockchain intelligence platforms reported the receiving addresses have shown no outbound activity since the transfers, and the funds remain in place on the new wallets. Onchain commentator Ai Yi said the move fits typical internal reorganization behavior, such as rotating addresses for security, custody changes, or accounting purposes.

Bitcoin's price drifted lower around the time of the transfer, slipping roughly 2.7 to 3...