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SpaceX Transfers $99.8M in Bitcoin to New Addresses
12/05/2025, 09:06
AI SUMMARY
●SpaceX moves 1,083 BTC (~$100M) to new wallet addresses
●Funds reportedly directed to Coinbase Prime, possibly for custody
●Activity follows previous treasury movements observed last week
SpaceX has transferred approximately 1,083 BTC, valued at nearly $100 million, to new wallet addresses after a period of inactivity. On-chain analysis suggests these funds were moved to addresses associated with Coinbase Prime, potentially for custody services or over-the-counter transactions.
This movement follows a similar transaction observed approximately one week ago, indicating a pattern of fund management by the aerospace company. The transfer has drawn attention from market observers tracking corporate treasury behaviors, though the specific intent behind the move—whether for sale or security—remains unconfirmed.