Svmuu News: According to monitoring by Arkham Intelligence, SpaceX recently saw activity in its Bitcoin wallet for the first time in about six months. However, the transaction volume was extremely small, and no BTC flowed into exchange addresses, which does not indicate that the company is selling Bitcoin.
Data shows that the SpaceX-related wallet processed a total of three transactions. The largest was 0.00213 BTC, worth approximately $135; another transferred 0.00139 BTC, worth about $89.Additionally, Coinbase’s Prime custody service deposited 0.000738 BTC, worth approximately $47, into a SpaceX address, presumably to cover on-chain transaction fees.
Currently, SpaceX still holds approximately 18,712 BTC, with a total value of about $1.16 billion.Analysts believe that such small-scale transfers typically constitute wallet maintenance operations—such as topping up gas fees, reorganizing funds in an address, or testing signature processes—rather than typical asset sales.
SpaceX completed its initial public offering (IPO) on June 12, marking one of the largest IPOs in history, and disclosed its holdings of Bitcoin for the first time in public filings.Previously, Arkham Intelligence had only been able to trace approximately 8,285 BTC to SpaceX, while the company’s disclosed holding of 18,712 BTC is more than double the amount previously identified on-chain.According to the disclosure, SpaceX’s Bitcoin holdings were acquired at a cost of approximately $661 million, with an average cost of about $35,000 per coin.
Six to seven months ago, the SpaceX wallet conducted a large-scale transfer, during which the company moved approximately 1,000 BTC in batches between its own wallet and the Coinbase Prime custodial address, but again did not send the funds to an exchange.
Currently, Elon Musk’s SpaceX and Tesla collectively hold more than 30,000 BTC. The market generally believes that if SpaceX were to transfer the Bitcoin to a known exchange deposit address in the future, it could signal a significant adjustment to its BTC holdings strategy or a potential sale. (CoinDesk)