Arkham Intelligence reported that a wallet tied to SpaceX transferred roughly 1,163 BTC (about $105.4 million) to two previously inactive, unmarked addresses on Wednesday, likely a custody or wallet-reorganization move.
Key Takeaways:
- Arkham Intelligence flagged a transfer of 1,163 BTC (~$105.4M) from an address attributed to SpaceX to two new, untagged wallets.
- On-chain traces show funds moved into newly active addresses with no immediate onward outflows, suggesting internal custody adjustments rather than sales.
- The broader market remains in a cooling phase with RSI near neutral/oversold territory.
On-chain sleuths and Arkham Intelligence reported that a wallet historically linked to SpaceX initiated transfers totaling 1,163 BTC to two previously dormant addresses. Arkham’s entity dashboard and related explorer links show the destinations as unmarked, which means that they are not publicly labeled exchanges or widely recognized custodians at the time of the transfer. Blockchain trackers recorded the movement but, as of Arkham’s posting, saw no immediate pattern of dispersal or sale from those recipient wallets.
These moves follow a series of on-chain transfers traced to SpaceX across recent months, which analysts have previously interpreted as wallet reorganization or custody reshuffling rather than liquidations. Public filings or statements from SpaceX were not available at the time of reporting.
Real-Time Market Performance Shows Steady BTC Recovery
As of this writing (11:45AM UTC), Bitcoin (BTC) is trading at approximately $91,409.17, showing a 5.2% gain in the last 24 hours while peaking intraday highs around $91,849.67 and intraday lows near $86,448.03. Meanwhile, Ethereum is also currently in a positive price momentum as it trades around $3,030.64, reflecting a 4.0% gain in the day and ranging $2,892.14 and $3,066.28 intraday.
Technical indicators show the 14-day RSI hovering in the low 30s in recent days, a level often interpreted as near-oversold following sustained selling pressure. There was no identifiable market shock tied directly to the transfer. Bitcoin’s price remained influenced by broader macro liquidity trends, and the movement failed to trigger a double-digit swing typically associated with major news-driven volatility.
Why the Transfer Matters for Institutional Bitcoin Holdings
SpaceX is one of the largest private corporations known to hold Bitcoin, which makes large-scale transfers noteworthy. Such movements often signal one of three scenarios: internal custody restructuring, preparations for institutional-grade services (like collateralization or lending), or potential liquidation.
With no onward flows observed and the use of previously inactive addresses, current evidence most strongly points to a custody or treasury-management action. Arkham’s persistent tagging and tracking remain the main attribution source linking these transactions to SpaceX.
Outlook
Unless SpaceX issues a statement or the newly activated addresses begin moving funds to crypto exchanges, the default interpretation leans toward routine reorganization. Traders and analysts will closely monitor on-chain activity for any outbound transfers that may alter the narrative.
For now, the $105 million shift is significant in scale but has not meaningfully changed market structure or triggered notable volatility.
Summary
SpaceX moved 1,163 BTC (about $105.4M) to two previously inactive, unmarked wallets; on-chain activity suggests a custody reorganization rather than a sale, and markets showed only muted reactions.
