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

MarketsSpaceX's first bitcoin wallet movements in six months likely don't signal salesOnchain 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 readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSpaceX 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$62,078.87 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 acr…

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

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