SpaceX · Bitcoin · Coinbase · CoinDesk
SpaceX's first bitcoin wallet movements in six months likely don't signal sales
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SpaceX (SPCX) apparently moved bitcoin BTC $ 61,988.29 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion holding that don't signal any impending sales.
Key facts
- SpaceX (SPCX) apparently moved bitcoin BTC $ 61,988.29 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion
- Data from Arkham Intelligence shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets
- Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B
- In the third, Coinbase Prime's custody service topped up a SpaceX address with 0.000738 BTC, around $47, the kind of small amount an exchange sends to cover network fees before a larger transaction
Summary
SpaceX moved tiny amounts of bitcoin between its own wallets for the first time in about six months in transactions suggesting routine maintenance rather than any sale or shift to exchanges. The company moved less than $300 worth of its 18,712 bitcoin, worth about $1.16 billion. SpaceX’s June 12 initial public offering revealed its full bitcoin position for the first time, more than doubling prior onchain estimates and heightening scrutiny of even minor wallet movements. Data from Arkham Intelligence shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets.