This Wednesday, the on-chain analytics firm, Arkham Intelligence, reported that a Bitcoin wallet linked to SpaceXexecuted a test transaction after registering six months of inactivity. The identified address sent a minor amount of approximately $88 in BTC to another private digital wallet.
SPACEX JUST MOVED BITCOIN
A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9).
Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI
— Arkham (@arkham) July 8, 2026
This movement sparks strong interest in the crypto market because corporate treasuries rarely transfer funds without prior strategic planning. The ecosystem is closely analyzing this transfer, as SpaceX currently holds 18,712 BTC, equivalent to about $1.16 billion, consolidating itself as the eighth-largest institutional holder of this asset.
Although the small transfer suggests a simple internal rotation of funds or a custody verification, the implied volatility keeps traders expectant. From now on, the market must monitor whether these wallets execute larger capital movements, especially following the recent and historic inclusion of the technology company within the Nasdaq 100 index.
Source: https://x.com/arkham/status/2074787018773524708
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