SpaceX Transfers 1,163 BTC Signals Custody Upgrade
Quick Breakdown
- SpaceX moved 1,163 Bitcoin worth $105 million to new wallets on November 27, 2025.
- Blockchain firm Arkham Intelligence tracked the transfer from a dormant wallet to addresses linked to Coinbase Prime.
- Analysts view it as a custody reorganization, not a sale.
SpaceX transferred 1,163 Bitcoin, valued at roughly $105 million, to a new wallet on November 27, 2025, according to blockchain analytics firm Arkham Intelligence. Analysts interpret the move as a custody reorganization rather than a liquidation, following a similar $133 million transfer in October. The company’s on-chain holdings now stand at 6,095 BTC, worth about $553 million, positioning SpaceX as the fourth-largest private Bitcoin holder.
Source
:
Lookonchain
The move reactivated a wallet that had sat untouched for years, aside from a few small transfers SpaceX made in mid-2025 after a long three-year pause. The receiving wallet appears to be associated with Coinbase Prime, pointing to a shift toward higher-end institutional security and compliance. Bitcoin was trading above $91,000 at the time, underscoring the broader market rebound following recent volatility.
Holdings evolution and strategy
SpaceX first revealed its Bitcoin holdings in 2021, estimating 25,000 to 28,000 BTC, about $1.8 billion at the peak, before cutting the position by around 70% during the 2022 downturn. The company hasn’t sold any Bitcoin since mid-2022, suggesting a long-term holding strategy despite occasional wallet movements. Its current stash is estimated at more than $550 million, placing it ahead of most corporate holders, while Elon Musk’s Tesla continues to hold 11,509 BTC, worth roughly $1.42 billion.
This approach mirrors a broader shift among companies toward stronger custody practices as Bitcoin adoption grows outside traditional crypto circles. SpaceX’s recent activity also lines up with Bitcoin reclaiming major price levels, which may reinforce confidence in institutional allocation strategies. So far, neither the company nor Musk has commented on the purpose of the latest transfers.
Notably, Texas has allocated $10 million to a state-backed Bitcoin reserve, initially buying shares in BlackRock’s IBIT ETF while preparing to transition to self-custody of BTC. This dual strategy offers immediate exposure while state-level on-chain infrastructure is developed. This move, which mirrors institutional investment patterns, signals a shift where governments view Bitcoin as a long-term strategic asset, accelerating the state-level crypto treasury race and solidifying Bitcoin’s mainstream acceptance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI and Anthropic Launch "Low-Cost Models" on the Same Day, Kicking Off a "Price War"
Anthropic launched Claude Opus 5.5, with costs 40% lower than the previous generation; OpenAI released Sol and Luna, priced 50% lower than the previous series. The driving force behind these price reductions is the continued market share expansion of Chinese open-weight models. Additionally, Anthropic is using this opportunity to lay the groundwork for the largest tech IPO in history, while OpenAI aims to reverse its sluggish growth from earlier this year.
From "Shovel Sellers" to "Shovel Makers": How Innodata (INOD.US) Achieved a Transformation with the Tailwind of Meta AI
Overnight, U.S. stock Innodata surged 15% in a single day, directly triggered by a research report from Hunterbrook Capital. The report indicated that Meta's newly launched personal AI agent, Muse, is likely to achieve significant success, and Innodata is likely one of Meta's largest data service clients.
ECB Governing Council Member Nagel: If energy prices remain high, interest rates may need to be raised to a moderately restrictive level
Joachim Nagel, a member of the European Central Bank's Governing Council and President of the German Bundesbank, said that if energy prices remain high, the European Central Bank may have to raise interest rates to levels that restrain economic growth.
Apple (AAPL.US) reportedly developing a screenless fitness band to compete with Whoop: undecided on release, earliest launch in 2028
Apple is developing a new fitness tracker to compete with Whoop.
Crypto prices
More
