Elon Musk’s SpaceX has once again shuffled its bitcoin holdings, moving 1,163 BTC worth approximately $106.14 million to two new wallets on November 26, 2025, at block 925338. The transaction was first spotted by Sani, operator of timechainindex.com, whose onchain bot flagged the activity.
“SpaceX coins on the move,” Sani wrote, sharing an image from the bot that stated: “A 1,163 BTC transaction From ‘SpaceX’ to ‘Coinbase Prime Custody and Unknown Entities’ has been broadcasted at block 925338.” The funds have since landed in two wallets holding 399 BTC and 764 BTC, with the onchain fee amounting to 13,675 sats ($12.36).
Recurring Pattern Raises Questions
This transfer comes just a month after SpaceX sent 281 BTC to an unknown wallet in October 2025. The consecutive moves have left observers speculating whether the company is simply reorganizing its treasury or quietly positioning for a sale. SpaceX, as a private company, is not required to disclose any bitcoin sales until the close of the fourth quarter to the U.S. Securities and Exchange Commission (SEC).
The exact size of SpaceX’s bitcoin holdings remains unconfirmed, but the company is widely believed to have accumulated a significant position following Musk’s public endorsement of the cryptocurrency in 2021. The latest transfer of over 1,100 BTC represents a substantial portion of its known onchain footprint.
Market Reaction and Broader Context
Bitcoin’s price remained relatively stable around $91,000 following the news, suggesting the market views the transfer as routine treasury management rather than an imminent sell signal. However, the lack of transparency continues to fuel unease among traders, especially given Musk’s history of influencing crypto markets through social media.
While companies like Metaplanet and MicroStrategy continue to accumulate bitcoin, SpaceX’s consistent outflows to new wallets diverge from the broader institutional buying trend. As of press time, SpaceX has not issued any official statement regarding the purpose of the transfers.
Frequently Asked Questions
Q1: Why did SpaceX move bitcoin again?
A: SpaceX shifted 1,163 BTC across two wallets, continuing its pattern of periodic onchain activity. No official explanation has been provided.
Q2: How much bitcoin was moved in the latest transaction?
A: The company transferred 1,163 BTC, valued at roughly $106 million at the time of the move.
Q3: Where did the funds end up?
A: The bitcoin now sits in two wallets holding 399 BTC and 764 BTC.
Q4: Has SpaceX explained the purpose of these transfers?
A: SpaceX has not commented, and it does not need to disclose any potential sales until the end of Q4 to the SEC.