The $105M SpaceX Bitcoin Transfer That Has Crypto Analysts On High Alert

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This article was first published on The Bit Journal.

SpaceX Bitcoin transfer moved 1,163 Bitcoins, valued at $105 million, to a new wallet. This has sparked speculation regarding the company’s future plans in the cryptocurrency space.

It took place in the early hours of Thursday morning and indicates that SpaceX might be rethinking its custody approach. This development is happening a month after the organization transferred more than 1,200 Bitcoins to new wallets in October.

SpaceX Moves $105 Million in Bitcoin to Secure Wallet

Experts believe the Bitcoins were transferred to Coinbase Prime, a platform that big institutions use to protect their digital assets. It’s the second time in two months that SpaceX has conducted substantial Bitcoin transactions.

With the most recent move, SpaceX’s wallet now contains 6,095 Bitcoins, worth almost $553 million. This comes on the heels of a prior transfer in October, when the firm shifted 1,215 BTC valued at $133.7 million to new addresses.

SpaceX Bitcoin transfer

SpaceX’s Bitcoin Holdings: A Look at the Past and Present

SpaceX has had a connection to Bitcoin for years. The company held up to 25,000 BTC in 2022 at its peak. Yet in recent months, it has been consolidating by shedding its on-chain Bitcoin.

Also Read: JPMorgan vs Bitcoin Treasuries: Why BTC Supporters Are Pushing a Bank Boycott for 2026

The company’s wallet was also dormant and later became active again in July 2025. It’s unclear why the SpaceX Bitcoin transfer were transferred recently, but analysts suspect that SpaceX is tweaking its approach to Bitcoin custody.

The Role of Coinbase Prime in Bitcoin Custody

The platform is called Coinbase Prime, and it follows best practices in terms of security. Its involvement in the transfer adds to evidence SpaceX is going to great lengths to protect its Bitcoin.

SpaceX Innovates by Transferring Its Investments to Coinbase Prime SpaceX may want its investments to be much more secure from market and security threats as it shifted its holdings to Coinbase Prime.

Why Did SpaceX Make This Move?

SpaceX’s recent transfer of Bitcoins have sparked speculations from many on what the company plans to do with it. Some experts say it’s a standard tactic to solidify custody arrangements.

Others have said both the size of the transfer and its timing suggest something bigger may be ahead. One possibility is that SpaceX is setting the stage for future entry into cryptocurrency.

On social media, one user noted that big transfers of money are the way companies get their “position on” for something. To further add mystery, these receiving wallets do not have outbound transactions.

SpaceX Bitcoin Transfer vs. Tesla’s Holdings

SpaceX isn’t the only company related to Elon Musk that holds a significant amount of Bitcoin. Tesla, his electric vehicle company, also has a significant stake in SpaceX Bitcoin transfer.

Tesla currently holds 11,509 B.T.C., an amount worth around $1.05 billion; that makes it one of the largest public companies holding Bitcoin. The tight association between SpaceX and Tesla’s approach to Bitcoin could indicate Musk is working out a long-term strategy for digital currency across his companies.

While Tesla is publicly traded, SpaceX’s Bitcoin trades are frequently more clandestine, which only adds to the intrigue.

Impact on the Bitcoin Market

The SpaceX Bitcoin move has drawn a lot of attention, but the market’s reaction so far is rather tepid. The price of Bitcoin gained 4.35% in the last 24 hours, after falling by 19.76% earlier this month.

They’re currently worth about $91,230. Analysts are closely monitoring whether the cryptocurrency is able to clear resistance at $89,000 — a development that may signal further upside ahead.

Conclusion

Although the premises behind the recent SpaceX Bitcoin transfer are unknown, this move does invite some crucial questions. Some analysts have argued that the move may be part of a larger plan to hedge Bitcoin holdings against market risk.

Others believe that SpaceX might be gearing up for a bigger financial maneuver. Anyhow, the company’s holdings of SpaceX Bitcoin transfer have continued to be an object of fascination for cryptocurrency experts and investors.

Also Read: Peter Brandt Bitcoin Forecast: Why $200K May Not Arrive Until Q3 2029

Appendix: Glossary of Key Terms

‍Coinbase Prime: Built for institutional investors, it offers a secure storage, trading and reporting of Bitcoin digital assets.

Custody Strategy: The manner in which your company’s digital assets are secured, managed and stored to protect them from being stolen or lost.

On-Chain Holdings: The aggregate quantity of cryptocurrency that can be seen on the blockchain and doesn’t necessarily mean it’s publicly available for anyone to see.

BitcoinTreasuries: A website that keeps track of the amount of bitcoin public and private companies have on their balance sheets, including major institutions such as SpaceX and Tesla.

Institutional Investors: Companies that invest a lot of money in digital assets as opposed to investing with the hopes of earning more than they spend.

Block Chain: A type of distributed ledger for transactions that can be used as an underlying technology by cryptocurrencies or digital currencies to verify and secure transactions.