SpaceX Shifts 2,395 Bitcoin During Market Dip - Musk’s Strategic Move or Impending Sell-Off?
Elon Musk's aerospace giant makes major Bitcoin maneuver as markets tumble
The Crypto Rollercoaster
SpaceX just transferred a staggering 2,395 BTC while Bitcoin prices hit recent lows. The timing raises eyebrows across crypto circles - strategic accumulation or preparation for liquidation?Market Speculation Intensifies
Industry watchers scramble to decode Musk's next move. The Tesla CEO's previous Bitcoin endorsements sent prices soaring, making every wallet movement a potential market catalyst.HODL or Fold?
With 2,395 coins in motion during a slump, the question echoes through trading desks: Is this another classic Musk volatility play, or are we witnessing a billionaire's cold feet moment? Typical finance types would probably call it "portfolio rebalancing" while secretly panicking.The Billionaire's Poker Face
Musk maintains radio silence as the crypto community dissects every transaction. One thing's certain - when SpaceX moves Bitcoin, the entire digital asset market holds its breath.
SpaceX, led by Billionaire entrepreneur Elon Musk, has once again moved a total of 2,395 BTC of its Bitcoin holdings valued at $268 million just three months after its previous major transfer in July. On-chain data from Arkham Intelligence confirms that two significant transactions were made early Monday.
Is SpaceX selling Bitcoin? The motive behind the transfer remains unknown.
Details of the SpaceX $268 Million Transfer
According to blockchain researcher Arkham Intelligence, reports that SpaceX recently moved 1,187 BTC to wallet bc1q…4sdu and 1,208 BTC to bc1q…6kqe, totaling around $268 million at current prices.
Interestingly, both receiving wallets remain inactive, with no signs of selling or further transfers.
This isn’t SpaceX’s first major bitcoin move. In July 2025, the company shifted roughly 1,300 BTC ($153 million) from a previously dormant wallet, its first activity in three years.
That transfer was later identified as part of a Coinbase Prime Custody account transition, rather than a market sale, suggesting it was an internal wallet adjustment.
Motive Behind SpaceX’s Bitcoin Transfer
Crypto analysts believe this latest transfer is likely an internal wallet reshuffle. Institutional Bitcoin holders like SpaceX often MOVE coins between wallets as part of security updates or risk management, especially when using multi-signature cold storage and optimized custody solutions.
However, the transfer comes at a time when Bitcoin is struggling to hold its price, recently dipping to $107K. Many whales are selling to limit losses, and some major holders are even shorting Bitcoin.
At present, all transferred BTC remains untouched.
SpaceX’s Current Bitcoin Holding
Despite the recent move which raise the investors eyebrow, Bitcoin treasury data indicates that SpaceX currently holds approximately 8,285 BTC across its recognized wallets, with an estimated total value above $894.32 million.
Combined with Tesla’s 11,509 BTC reserve, Elon Musk–linked companies now hold around $1.24 billion in Bitcoin, making them among the most significant corporate Bitcoin treasuries globally.
