SpaceX (SPCX) apparently moved Bitcoin in his wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of his $1.16 billion holdings that signal no imminent sales.
Data from Arkham Intelligence shows that the largest transfer between addresses labeled as owned by the company moved 0.00213 BTC, or approximately $135, between two wallets. A second sent 0.00139 BTC, or approximately $89.
In the third case, Coinbase Prime’s custody service topped a SpaceX address with 0.000738 BTC, or about $47, the kind of small amount an exchange sends to cover network fees before a larger transaction can be made.
SpaceX went public on June 12 in the largest IPO on record, and its filing put the company’s entire Bitcoin position on a public balance sheet for the first time. Small movements can attract attention after a stock is listed, even if none of the coins have reached a depository address on an exchange and none have left SpaceX’s control.
The company still holds 18,712 BTC. Transfers of this size typically constitute routine maintenance: funding a wallet to pay fees, consolidating coins between addresses, or testing a signature setup before moving an actual balance.
