SpaceX moves 281 BTC to new wallet in third large transfer in 10 days

SpaceX moved 281 bitcoin, worth roughly $31.3 million, to a new wallet on October 30, marking the third large transfer by the company in about 10 days, blockchain analytics firms said. The movement, tracked by onchain analysts, is part of a series of transfers that together have shifted several hundred million dollars in bitcoin tied to the privately held aerospace firm.

Analytics data shows the latest operation involved about 1,207 bitcoin leaving a wallet linked to SpaceX, with 281 bitcoin routed to a new address, a smaller portion sent to Coinbase Prime, and the remainder returned to the original wallet. The three transfers this month have amounted to roughly $450 million in onchain activity, following earlier movements valued at approximately $134 million and $268 million. SpaceX has not commented on the transactions.

Analysts and onchain sleuths have largely characterized the pattern as internal custody or treasury reorganization, noting that each transfer used different destination wallets. Some market participants, however, have suggested the frequency and scale of the moves could indicate broader strategic shifts or preparations for partial sales, though no evidence has...