TL;DR:
- SpaceX moved 2,495 BTC ($268.5 million), its first transaction since July, without selling the assets.
- Arkham Intelligence confirmed that this is the first significant change since 2022, when the company reduced its reserves by 70% following the Terra-Luna and FTX crisis.
- Experts such as Aunt Ai believe that this could be an internal reorganization of wallets, not a sale. However, the company’s silence is fueling speculation in a market that is already down 3.4%, with bitcoin hovering around $107,685.
On Tuesday, the Bitcoin network was shaken: SpaceX moved 2,495 BTC, valued at approximately $268.5 million, marking its first transfer since July. Data from Arkham Intelligence confirms that the assets were sent to several unidentified addresses, with no sales or new movements having taken place so far. This action represents the first significant change in the company’s bitcoin reserves since June 2022, when it held about 8,285 BTC.
A mysterious movement shaking up the crypto market
Although the transfer sparked speculation about a possible sale, some analysts suggest a more technical than alarming explanation. According to the analyst known as Aunt Ai, the transaction could be part of a simple reorganization of internal wallets. In fact, previous movements by SpaceX in the Arkham database were later identified as interactions with a custody address on Coinbase Prime, rather than actual asset sales.
However, the company’s silence fuels conjecture. SpaceX has not issued any public statements about the nature of this transaction, leaving the crypto community divided between those who fear a divestment and those who interpret it as an asset management strategy. The truth is that this is the first major adjustment to its holdings since 2022, when it reduced its position by around 70% following the collapse of the Terra-Luna ecosystem, the fall of FTX, and the domino effect that shook the market.
Meanwhile, the price of bitcoin fell 3.21% in the last 24 hours, trading at $107,685, amid a general market decline of 3.4%. Interestingly, Musk’s other company, Tesla, holds 11,509 BTC worth an estimated $1.24 billion. Thus, SpaceX’s recent maneuver not only reopens the debate about the role of large corporations in the crypto ecosystem, but also shows how a simple wallet movement can trigger waves of global uncertainty.
