Elon Musk’s SpaceX Transfers 1,163 BTC Amid Crypto Market Rebound

TLDR

• SpaceX moves 1,163 BTC to new wallets, signalling renewed crypto confidence.
• $105M in bitcoin shifted for security, not liquidation, amid market rebound.
• Legacy wallets retired as SpaceX reinforces its long-term crypto position.
• On-chain holdings still strong at 6,095 BTC following custody overhaul.
• Bitcoin move may influence how major firms secure digital reserves.

The Elon Musk’s SpaceX Transfers 1,163 BTC Amid Crypto Market Rebound sent a strong signal when the company moved 1,163 bitcoins worth about $105 million to a new wallet. The headline move happened early during Asian trading hours according to blockchain trackers. The wallet had sat idle for years before this sudden bitcoin activity.

What triggered the massive bitcoin shift

SpaceX Transfers 1,163 BTC Amid Crypto Market Rebound began when the company shifted 1,163 bitcoins from legacy addresses to two new unmarked wallets for custody. The shift involved 399 BTC sent to one address and 764 BTC to another address. The transfers used modern SegWit address formats to improve wallet security and efficiency.

SpaceX Transfers 1,163 BTC Amid Crypto Market Rebound appears tied to a custody reorganisation rather than a sale. The destination addresses showed no signs of outgoing transfers or exchange trades. The change likely aims to strengthen security and update wallet infrastructure.

Every portion of moved funds remains idle, which suggests the company does not intend to liquidate at this time. The new wallets remain quiet except for the transfer itself. The reorganisation gives SpaceX clearer control over its bitcoin holdings.

Background on past holdings and prior bitcoin moves

The company once held as many as 25,000 bitcoins before trimming its balance sharply. SpaceX Transfers 1,163 BTC Amid Crypto Market Rebound follows an earlier drop during 2022 when SpaceX sold roughly 70 percent of its bitcoin reserves. Later, in October 2025, SpaceX moved 1,215 BTC to new addresses as part of prior adjustments.

In that October move, the company redistributed funds across multiple wallets linked to a major custody platform. After that, the wallet balance fell gradually. The earlier reduction likely responded to broader market turbulence and changing risk views.

The October transfer carried bitcoin values worth several hundred million dollars at that time. That redistribution set the stage for the current November shift. The legacy holdings shrink shows SpaceX’s evolving stance on off-chain custody and wallet management.

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