- SpaceX transferred 1,163 BTC worth $105.4 million across two unmarked wallets, its largest movement in months.
- Arkham data shows SpaceX holds about 6,095 BTC, valued near $552.9 million, with clustering patterns across linked wallets.
- SpaceX and Tesla previously reduced bitcoin exposure in 2022, and both companies maintain notable holdings tracked through on-chain activity.
SpaceX recorded a new on-chain transaction that involved a major bitcoin movement, and analysts reviewed the shift due to its scale and timing. The company moved $105.4 million worth of bitcoin on Wednesday, and the transfer marked its largest recorded transaction in several months. Market trackers observed the activity after Arkham Intelligence reported the details. The data showed that SpaceX continues to hold a sizable Bitcoin position even after earlier reductions. The new movement also added fresh attention to the company’s current treasury actions as Bitcoin traded near $90,921.
Breakdown of the Latest Transfer and Current Bitcoin Holdings
Arkham Intelligence reported that SpaceX moved 1,163 BTC at around 6:16 p.m. on Wednesday. Analysts noted that two unmarked wallets received the entire amount. The wallet labeled “bc1qh…galzy” received 399 BTC, and “bc1q4…u54ez” received 764 BTC. The receiving wallets did not match known exchange addresses.
This detail introduced new discussions about the structure of SpaceX’s internal storage. Analysts tracked earlier transfers and compared patterns, and they found similar routing steps in prior movements from SpaceX-controlled wallets. Arkham estimated that SpaceX currently holds about 6,095 BTC. The value reached roughly $552.9 million on Wednesday based on market pricing.
The estimate followed earlier reports that showed periodic reductions in prior years. Analysts also reviewed a transfer from Oct. 29 that involved 281 BTC and aligned it with this new activity. The clustering remained consistent across several company-linked addresses since Arkham began tracking the movements. The pattern matched common treasury practices among institutions that store bitcoin across several wallets.
Earlier Decisions on Bitcoin Exposure
SpaceX reduced its Bitcoin exposure in mid-2022 by about 70 percent. Analysts linked that decision to market disruption following the Terra-Luna collapse and the failure of FTX. Arkham data indicated that SpaceX has not added new bitcoin since that reduction. Market analysts reviewed Tesla’s actions during that same period. Tesla sold most of its position in 2022 and holds 11,509 BTC today.
The value reached about $1.05 billion on Wednesday. Analysts noted that both companies recorded similar timelines in adjusting their earlier holdings. The new $105.4 million movement reinforced continued interest in corporate bitcoin activity. Analysts tracked the transfer due to the value involved and the company’s current holdings. The review remained focused on on-chain evidence released by Arkham Intelligence.
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