🚀 🔥Elon Musk’s SpaceX Moves Over $470M in Bitcoin — But Not a Sell-Off
Blockchain data has revealed that Elon Musk’s SpaceX has transferred more than 4,300 BTC (≈ $470 million) across several transactions this October — with another 281 BTC (~$31 million) moved on Oct 29–30.
According to Arkham Intelligence, the movements are part of a wallet restructuring process, with most of the BTC sent to Coinbase Prime Custody addresses.
🔍 Key Facts:
• Oct 21: 2,495 BTC (~$268 million) moved
• Oct 24: 1,561 BTC (~$171 million) moved
• Oct 29–30: 281 BTC (~$31 million) moved
• No on-chain evidence suggests SpaceX is selling its Bitcoin holdings.
Instead, analysts believe the company is migrating funds to Taproot-enabled addresses (bc1p…), improving security and compliance for institutional custody.
💬 Market Impact:
While some traders panicked at the large transfers, there’s no sign of liquidation. Historically, similar wallet reorganizations by Tesla or MicroStrategy often preceded a renewed accumulation phase, not exits.
📊 Investor Takeaway:
This move could hint that major players are reorganizing positions ahead of the next BTC cycle, especially as market sentiment turns cautiously bullish heading into 2026.
As always — follow the chain, not the noise. 🧠