SpaceX Moves $268 Million in Bitcoin as BTC Holds Above Key Support

• SpaceX moved 2,495 BTC ($268M) to two new addresses after a three-month pause.
• Analysts see the move as internal treasury management, not a sell-off.
• SpaceX now holds around 5,790 BTC, valued at $625 million.

Arkham Intelligence data show SpaceX moved 2,495 BTC, split 1,187 BTC to an address starting bc1qq… and 1,208 BTC to bc1qj7… after a three-month lull.

Neither destination has sent funds out, which points to internal security or treasury optimization, not distribution. 

Internal Reorganization at SpaceX?

Before this transaction, the firm’s primary wallet held 8,285 BTC worth about $893 million. Following the transfer, SpaceX’s holdings stand at roughly 5,790 BTC, valued at $625 million.

Analysts interpret these actions as consistent with internal portfolio management rather than ma…

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