SpaceX Transfers 1,163 Bitcoin to New Wallets, Hinting at Possible Internal Consolidation

Bitcoin

SpaceX Transfers 1,163 Bitcoin to New Wallets, Hinting at Possible Internal Consolidation

SpaceX recently transferred 1,163 BTC valued at over $105 million to new non-exchange wallets, marking its largest Bitcoin movement since October. This on-chain activity, tracked by Arkham Intelligence, suggests internal consolidation rather than sales, as Bitcoin approaches yearly highs amid market recovery.

• SpaceX executed its biggest BTC transfer in months, moving 1,163 coins to fresh addresses not linked to exchanges.
• Analysts interpret the shift as a potential reorganization of holdings, with no signs of liquidation.
• SpaceXs total BTC stash stands at approximately 6,095 coins, worth $552.9 million, up significantly from 2022 reductions.

What is the significance of SpaceXs recent Bitcoin transfer？

SpaceXs Bitcoin transfer involves moving 1,163 BTC, equivalent to about $105.23 million, to new wallet addresses on November 27, 2024. This action, the largest since October, was monitored by on-chain analytics firm Arkham Intelligence and highlights ongoing management of corporate crypto assets. It underscores how major companies like SpaceX continue to hold and adjust Bitcoin positions amid rising market values.

SpaceX moved 1,163 BTC worth over $105M to new non-exchange wallets in its largest transfer since October as analysts watch for consolidation.

How does this transfer impact SpaceXs overall Bitcoin holdings？

The transfer divided the Bitcoin into two new addresses: 399 BTC to one labeled “bc1qh…galzy” and 764 BTC to “bc1q4…u54ez,” neither connected to exchanges or known custodians. Arkham Intelligence data indicates this could reflect internal restructuring, a common practice for firms optimizing wallet security and organization. Short sentences aid clarity: SpaceXs holdings now total around 6,095 BTC, valued at $552.9 million as Bitcoin hit $90,921 on the day of the move, up 3.14%.

SpaceX (@SpaceX) has transferred 1,163 $BTC, worth $105.23M, to new addresses pic.twitter.com/bkxfoDpkc8

— Onchain Lens (@OnchainLens) November 27, 2025

Previously, in October, SpaceX shifted 281 BTC to another new wallet, maintaining a pattern of periodic adjustments without public explanations. Experts from Arkham Intelligence note that such moves often prioritize long-term storage over trading. As of the latest reports, SpaceX has held steady on acquisitions since reducing exposure by 70% in mid-2022 during market downturns following high-profile crypto failures. This reduction left the company with substantial reserves that have appreciated considerably with Bitcoins recovery, trading near its annual peak.

Comparable strategies appear in other Elon Musk-affiliated entities; Tesla, for instance, retains 11,509 BTC worth approximately $1.05 billion after similar 2022 adjustments. On-chain analysts, including those from Arkham, emphasize that without exchange involvement, these transfers signal consolidation rather than divestment. Bitcoin‘s resilience post-2022, bolstered by institutional adoption and regulatory clarity, has elevated the value of retained holdings for corporate treasuries like SpaceX’s.