On Thursday, November 27, 2025, Elon Musk’s SpaceX moved 1,163 Bitcoin, worth $105 million, to new wallets.
This is reported by Lookonchain via an X post on 27/11/2025 this morning. It is believed that SpaceX moved its funds to Coinbase Prime.
EyeOnChain also commented on this move, “Without warning, 1,163 BTC, over $105 million, was pushed out of storage and split between two completely fresh addresses. No selling, no reshuffling, no immediate follow-up activity. Just a quiet relocation from one of the biggest corporate BTC holders on the planet.”
This is not the first time SpaceX has moved massive funds. Just last October, the blockchain analytics platform Arkham reported that SpaceX moved $130 million worth of Bitcoin to multiple new addresses.
Now, SpaceX holds 6,095 Bitcoin with a total value of $553 million. BitcoinTreasuries notes that SpaceX ranks fourth among private companies with the most Bitcoin reserves.
SpaceX’s crypto wallet has long been dormant. For 3 years, there were no outgoing or incoming transfers. This company even held 25.000 BTC in 2022 before consolidation. It was only in July 2025 that SpaceX’s wallet showed signs of activity.
Such a large movement, especially from a well-known company like SpaceX, raises questions. Does SpaceX's transfer of funds signify a transaction, internal restructuring, or increased security? There is no clear reason for SpaceX's transfer of funds this time.
“The only certainty so far,” EyeOnChain continued, “is that both receiving wallets remain untouched, no outgoing transfers, no exchange interaction, no liquidation trails. Just two brand-new destinations holding a fortune.”
Analysts believe this is a custody strategy rather than liquidation. Custody itself is a term in the crypto world that refers to how investors store their assets. A custody system means storing assets with a third party, while a non-custodial system means storing and managing assets in one's own decentralized wallet.
The economic decisions of large companies such as SpaceX are indeed worth observing, even if ultimately, there are no definitive results. Every transfer of funds carries hidden meaning.
Currently, the market still doesn’t know why SpaceX suddenly moved funds after months of silence. However, mysterious signs have begun to appear. All analysts can do now is wait and see.
Market analysis is one of the responsibilities of crypto investors. Fortunately, you don't have to observe everything on your own. There are many reliable sources for the latest crypto news. Follow communities and discussion forums, including news from DRX Token, to stay updated before making investment decisions.
