SpaceX has transferred 1,308 BTC (~$153 million) to an unknown wallet for the first time in 3 years.
? According to analysts at Arkham Intelligence, Elon Musk’s SpaceX completed its first on-chain transaction in three years – at the end of June, it transferred 1,308 BTC (~$153 million) to an unknown wallet.
- The last major activity on the SpaceX wallet was in June 2022, when the company sent over 3,500 BTC ($102 million) to Coinbase.
- Since the new transfer, there have been no further movements – the wallet is now considered “cold.”
Currently, SpaceX holds around 6,977 BTC ($818 million), making it one of the largest institutional holders of
Why it matters:
- Rare move: the wallet has been nearly inactive for 3 years. Just a ~$29 “test” transaction occurred before the large transfer.
- Unclear motivation: this might be:
- storage reorganization (moving to cold wallet);
- preparation for an OTC deal;
- infrastructure upgrades.
- Institutional signal: despite market uncertainty, SpaceX still holds a large BTC reserve (~$818 million).
? What’s next?
It’s likely a technical move. But if asset withdrawals begin, this could become a signal that affects the BTC market.
Disclaimer
All content provided on this website (https://wildinwest.com/) -including attachments, links, or referenced materials — is for informative and entertainment purposes only and should not be considered as financial advice. Third-party materials remain the property of their respective owners.