Bitcoin News Update: Are SpaceX’s Anonymous Bitcoin Wallets a Calculated Strategy or an Indicator of Market Liquidity?
- SpaceX transferred $133.7M in Bitcoin to unlabeled wallets this week, its first major blockchain activity since July 2025. - The company holds 6,970 BTC ($770M), ranking fourth among private firms, though holdings dropped from 25,000 BTC in 2022 due to market volatility. - Analysts suggest the transfers consolidate old wallets, but unlinked addresses raise speculation about liquidity needs or strategic repositioning. - Tesla separately holds 11,509 BTC ($1.27B), generating $600M in profits via accounting
SpaceX, led by Elon Musk, has ramped up its on-chain
As reported by CoinMarketCap, SpaceX now possesses roughly 6,970 Bitcoin, with an estimated value of $770 million, making it the fourth-largest private company holding Bitcoin. This is a significant drop from its 2022 peak of 25,000 Bitcoin, which was reduced during the market upheaval after the Terra-Luna crash and FTX collapse, CoinMarketCap noted. Experts believe these recent transactions are likely consolidating older wallets into newer ones, though SpaceX has not indicated any plans to sell, Yahoo Finance reported.
This uptick in activity has caught the attention of market watchers, with some theorizing about possible liquidity requirements or a shift in strategy, according to a
As of Friday, Bitcoin was trading near $110,500, about 12% below its record high, CoinMarketCap stated. While these transfers did not cause immediate price swings, they highlight the increasing focus of corporations on managing Bitcoin reserves, Investor Empires observed. Industry analysts note that such movements often come before major strategic announcements, though SpaceX’s lack of comment leaves room for speculation, Watcher.guru reported.
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