November 2025 - Page 68 of 68

Key Points: SpaceX has moved $31 million in Bitcoin to a new wallet. The transaction is part of a larger repositioning strategy. Speculation revolves around custody upgrades, not sales. Elon Musk's SpaceX transferred 281 BTC worth approximately $31.3 million to a new wallet on October 29–30, 2025, according to Arkham Intelligence reports. The transaction has sparked industry interest regarding SpaceX's treasury strategies, with potential implications for institutional Bitcoin custody and security practices. SpaceX, headed by Elon Musk, has performed another prominent financial maneuver by transferring $31 million worth of Bitcoin to a new wallet. This activity is part of a string of transactions during October 2025, drawing attention from the crypto community. As Lookonchain noted, these transfers were likely for custody purposes. The movement of 281 BTC by SpaceX aligns with Musk's ongoing engagement with digital assets. Analysts suggest these transfers represent internal treasury adjustments, potentially improving security and efficiency rather than selling off assets. The transaction did not disrupt the Bitcoin market, as there was no evidence of market sell-offs. The use of Coinbase Prime custody for these movements supports the speculation of internal transfer strategies. Such strategic repositioning is seen by industry experts as a method for treasury optimization, shifting holdings to newer, secure wallets without impacting market liquidity. No official comment has been issued by Elon Musk or SpaceX regarding these transactions. However, the lack of response has not dampened the interest from investors and analysts. As Musk previously stated, "I do own Bitcoin... Tesla owns Bitcoin, SpaceX owns Bitcoin." Potential outcomes include improvements in custodial practices, aligning with historical trends of digital asset management for companies with significant Bitcoin holdings, as explored by various technology insights.

Month: November 2025

SpaceX Transfers $31M Bitcoin to New Wallet

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