Overview
- On October 21, a SpaceX-linked wallet moved 2,395 BTC valued at about $268 million in its first major activity in three months.
- The coins were split between two fresh addresses that currently show only BTC holdings with no outgoing transactions.
- On-chain trackers report the originating wallet now holds roughly 5,790 BTC, while SpaceX’s total reported stash remains 8,285 BTC.
- The activity follows a similar transfer in July 2025, reinforcing assessments that the company is rotating wallets rather than selling.
- Bitcoin slipped below roughly $108,000 during the transfer window, yet market reaction stayed orderly with no clear sign of distress selling.