SpaceX moved ninety four million dollars worth of Bitcoin this week. This continues a steady pattern that has been going on for almost two months where the company shifts close to one hundred million dollars in Bitcoin every week. On chain data shows that SpaceX now holds almost three hundred seventy million dollars in Bitcoin which makes it one of the biggest private holders in the world.
This latest move was reported by Arkham. They said that about thirty seven million dollars went to a new wallet and the rest showed up as change. This means the Bitcoin was not sold. It was likely moved inside the company for its own treasury needs. When a company sends Bitcoin to a new address it often means it is updating how it stores its coins or adding new layers of security. It does not normally mean that the company wants to leave the market.
The current data shows SpaceX holding close to three thousand nine hundred ninety one Bitcoin. That puts it among the largest private corporate holders outside of funds and mining companies. SpaceX earlier confirmed that it owns Bitcoin but it has never shared its long term plan for these holdings. Even so the steady weekly activity shows that it remains active in managing its coins.
Other companies linked to Elon Musk also hold large Bitcoin stashes. Tesla still has more than eleven thousand five hundred Bitcoin worth over one billion dollars today. Together Tesla and SpaceX hold more than one point four billion dollars in Bitcoin. Tesla did sell some of its Bitcoin in twenty twenty two but it still ranks among the biggest corporate holders.
The pattern at SpaceX looks like internal restructuring not selling. Most of the money moved is change returning to a SpaceX wallet and the rest goes into a new self custody address. There are no signs of transfers to exchanges which is where selling would normally happen. Large companies often move funds between old and new wallets for security checks audits or updates to their treasury systems. These steps are routine.
This activity matters because it comes at a time when more institutions are joining the Bitcoin market. Exchange traded funds hold record levels of Bitcoin and rules around using Bitcoin as regulated collateral are growing. When a big private company like SpaceX keeps shifting coins in large weekly batches it shows that the corporate role in Bitcoin is getting stronger.
In the end this latest transfer fits a clear pattern. SpaceX is active in managing its Bitcoin and the steady moves suggest it plans to keep holding it. The company is not showing any sign of selling. Instead it is adjusting how it stores its coins as part of its normal treasury work. This is one of the clearest examples of how a large private business handles Bitcoin at scale.
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