How Much Bitcoin SpaceX Holds After Its Latest $105M Transfer

SpaceX has executed another significant transaction on the blockchain, transferring a total of 1,163 BTC, equivalent to approximately $105 million, from one of its internal wallets to two previously unmarked destinations. These transfers, observed during the early hours of the day via Coinbase Prime flow data, have reignited attention on the company's comprehensive digital asset strategy. Following these latest movements, SpaceX's Bitcoin reserves now amount to 6,095 BTC, valued at roughly $553 million based on current market prices.

Detailed Analysis of the Transfers

The recent transaction originated from a wallet that SpaceX has utilized for an extended period. The 1,163 BTC were directed to two unidentified addresses. Blockchain data confirms that this was an outbound transfer, not an inflow from an exchange, indicating internal restructuring, treasury management, or strategic adjustments to custody. This movement aligns with a pattern observed over recent months, where SpaceX has periodically moved substantial amounts of Bitcoin between operational and reserve wallets.

These flows appear consistent with the company's approach to managing liquidity and long-term holdings, rather than suggesting any form of liquidation. The originating wallet has a history of interactions with Coinbase Prime, which serves as SpaceX's primary brokerage and custodial partner for its Bitcoin activities. Crucially, there have been no subsequent outflows back to exchanges, which typically precede selling activity.

SpaceX's Growing Bitcoin Position

With 6,095 BTC now confirmed on-chain, SpaceX ranks among the leading private corporate holders of Bitcoin globally, positioned behind entities such as MicroStrategy and Marathon. Its accumulation strategy has mirrored the broader institutional interest seen throughout 2024-2025, characterized by consistent purchases, occasional large consolidations, and no apparent sell-offs.

This transfer occurs at a time of increasing institutional Bitcoin activity across custodial platforms. ETF issuers, prime brokers, and corporate treasuries have been actively adjusting their positions in anticipation of potential liquidity shifts related to Federal Reserve policy changes and year-end balance sheet adjustments. SpaceX's latest transaction reinforces the perspective that major corporate players are adopting a long-term outlook rather than engaging in short-term speculative trading.

Implications of the Bitcoin Movement

Although Elon Musk has not formally detailed SpaceX's Bitcoin strategy, its on-chain behavior suggests that the company views BTC as a treasury reserve asset rather than a trading instrument. Each consolidation reinforces the likelihood that its holdings are being prepared for long-term custody or enhanced security protocols.

At a moment when Bitcoin is striving to maintain stability above the $90,000 range and liquidity is improving as December approaches, SpaceX's confirmed holding of 6,095 BTC highlights a broader institutional trend towards maintaining substantial, cold-stored balances instead of active portfolio rotation.

While the latest transfer may not directly reveal Musk's specific intentions, it clearly signals one key point: SpaceX is not reducing its exposure. Instead, it is maintaining one of the most significant corporate Bitcoin reserves worldwide.