SpaceX transferred 1,163 Bitcoin (BTC) to a new wallet worth $105 million on Thursday, according to blockchain tracker Arkham. The move follows previous transfers in late October involving over 1,200 BTC, with no signs that the company intends to sell its holdings.
The transaction occurred during early trading hours and is being monitored by analysts who believe the funds were likely sent to a custodial provider, not to an exchange. Despite historic volatility in corporate Bitcoin strategies, SpaceX still holds more than 6,000 BTC, positioning it among the largest private institutional holders. Corporate Bitcoin adoption has grown in 2024–2025 as companies diversify treasuries amid inflation and geopolitical uncertainty.
For now, the receiving wallet remains inactive, with no sell-off signals or exchange interaction. Market observers expect updates if the transfer is tied to enhanced custody measures or internal treasury restructuring in the coming days.
Source:https://intel.arkm.com/explorer/tx/bb8c502ed6d3cf66c1d425d7df7ef516a1ac0e92596604741826ffb684d1841e
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