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SpaceX Moves $134 Million in Bitcoin to New Wallets in Second Transfer This Week

Analysts see the on-chain activity as a custody or wallet reorganization rather than a market sale.

Overview

  • Arkham data shows two Oct. 24 transactions of 300 BTC (about $33 million) and 915 BTC (about $100.7 million) to new addresses.
  • The latest movement follows an earlier transfer this week of 2,395 BTC worth roughly $268 million split between two wallets.
  • Arkham issued a public alert on the transfers as on-chain watchers tracked flows from addresses linked to the company.
  • Holdings associated with the originating account stand near 6,970 BTC, valued around $770 million, according to on-chain and treasury data.
  • Some of the funds have been linked by observers to Coinbase Prime custody, and Bitcoin briefly dipped before recovering following the alert.