Overview
- Blockchain data shows 1,215 BTC moved on October 24, split between 300 BTC and 915 BTC sent to new, unlabeled addresses.
- The transfer followed an earlier movement of roughly 2,395 BTC this week that ended a lengthy period of on-chain inactivity.
- Public trackers now estimate SpaceX’s remaining balance at about 6,970 BTC, valued near $770 million at recent prices.
- Some flows briefly appeared in Coinbase Prime–linked wallets, reinforcing views that funds are being repositioned for custody rather than sold.
- Bitcoin briefly fell to around $109,938 after the move before recovering near $110,500, and SpaceX has not commented on the activity.