Elon Musk's SpaceX moves over $130M in BTC to new wallets with small transfer to Coinbase Prime

Key Takeaways

SpaceX moved over $130 million worth of Bitcoin to new addresses, with a small amount sent to Coinbase Prime.
The purpose of the transfers is unclear, but may involve storage reorganization rather than liquidation.

A wallet tied to SpaceX moved more than 1,200 Bitcoin worth over $130 million to new addresses today, according to data from Arkham Intelligence. About $150 in BTC was transferred to Coinbase Prime.

The movement follows recent on-chain activity from the space exploration company, which transferred $153 million in Bitcoin in late July, its first transaction in three years. Earlier this week, the SpaceX-labeled wallet moved an additional $268 million in Bitcoin to new addresses.

After these transfers, the wallet retains 6,970 Bitcoin. The wallet’s balance stood at 8,285 Bitcoin as of July 2025.

Bitcoin reached $112,000 today following lower-than-expected US September inflation data, before retreating to $109,700. The digital asset currently trades at approximately $110,300.