SpaceX's first bitcoin wallet movements in six months likely don't signal sales

Markets SpaceX's first bitcoin wallet movements in six months likely don't signal sales Onchain trackers found the newly public company shifted a tiny amount of bitcoin between its own addresses. Nothing reached an exchange. By Shaurya Malwa | Edited by Sheldon Reback Jul 8, 2026, 12:44 p.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on (SpaceX/Unsplash) Summary Show SpaceX moved tiny amounts of bitcoin between its own wallets for the first time in about six months in transactions suggesting routine maintenance rather than any sale or shift to exchanges. The company moved less than $300 worth of its 18,712 bitcoin, worth about $1.16 billion. SpaceX’s June 12 initial public offering revealed its full bitcoin position for the first time, more than doubling prior onchain estimates and heightening scrutiny of even minor wallet movements. SpaceX (SPCX) apparently moved bitcoin BTC $ 62,080.93 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion holding that don't signal any impending sales. Data from Arkham Intelligence shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets. A second sent 0.00139 BTC, or about $89. In the third, Coinbase Prime's custody service topped up a SpaceX address with 0.000738 BTC, around $47, the kind of small amount an exchange sends to cover network fees before a larger transaction can go through. SpaceX went public on June 12 in the largest IPO on record, and its filing put the company's full bitcoin position on a public balance sheet for the first time. Small movements can draw attention after a share listing even though none of the coins reached an exchange deposit address and none left SpaceX's control. The company still holds 18,712 BTC. Transfers this size are usually routine maintenance: funding a wallet to pay fees, consolidating coins across addresses or testing a signing setup before moving a real balance. SpaceX did not immediately respond to requests for comment. Before the filing, Arkham could tie only about 8,285 BTC to the company. The disclosed figure of 18,712 coins, bought for roughly $661 million at an average near $35,000 each, more than doubled what trackers had attributed to SpaceX and brought the rest of the holdings into view. The last time the wallets moved in size was six to seven months ago, when SpaceX shifted roughly 1,000 BTC at a time between its own addresses and Coinbase Prime custody, again without sending anything to an exchange. SpaceX founder Elon Musk now oversees more than 30,000 BTC across SpaceX and electric-car maker Tesla (TSLA). 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