Elon Musk’s SpaceX (Space Exploration Technologies Corp.) just shifted 1,308 bitcoin ( BTC) — the first time it’s touched its stash in three years.
$155M in Bitcoin Moves From SpaceX Wallets
While the motive behind the transfer remains a mystery, SpaceX moved 1,308 BTC — worth $155 million — at block height 906627. The transaction stirred up a wave of speculation, with many trying to guess the company’s intent behind relocating the bitcoin.
The coins were withdrawn from 16 separate Pay-to-Public-Key-Hash (P2PKH) addresses and funneled into a single Pay-to-Witness-Public-Key-Hash (P2WPKH) address, where they remain at press time.
Timechainindex.com founder, Sani, pointed out that the move appears to be a case of unspent transaction output (UTXO) consolidation and “moving to Segwit.” SpaceX’s sudden bitcoin maneuver hints at a company maintaining sharp attention to digital asset management, even when quiet.
Though details remain under wraps, the methodical shift suggests strategic optimization rather than impulsive action. Whether this signals a broader shift in treasury practices or is simply housekeeping, the move adds another cryptic entry to Musk’s blockchain footprint.
In the absence of a formal explanation, watchers are left to interpret the clues scattered across the chain. Consolidating funds and moving to Segwit may reflect technical foresight, tax planning, or preparation for future transactions.
Whatever the case, SpaceX’s silent move has reignited curiosity about how major players think about custody, structure, and long-term bitcoin strategy.
