On-chain monitoring services have detected that SpaceX has transferred 1,163 BTC, valued at approximately $105 million, to new wallet addresses. This movement follows a period of dormancy for the company's holdings. Large-scale transfers by corporate entities like SpaceX often trigger market speculation, though early analysis suggests this may not be a liquidation event. Data from Onchain Lens initially suggested the destination is likely a Coinbase Prime wallet, indicating the move appears to be for custody purposes rather than an immediate sell-off. Similarly, on-chain data provider Arkham Intelligence reported the transfer involved funds moving from known corporate addresses to new, currently unmarked destinations. While the specific intent remains officially undisclosed, movements of this magnitude from corporate treasuries are closely monitored by the market for potential liquidity implications. [Update 1] Additional reporting from Arkham Intelligence confirms the movement of $105 million in Bitcoin to unmarked wallets, corroborating the initial alerts regarding SpaceX's treasury activity.