Bitcoin Updates Today: SpaceX Chooses Security First in Its Bitcoin Strategy Instead of Selling

Bitget-RWA2025/11/27 09:42

By: Bitget-RWA

- SpaceX transferred $105.4M in Bitcoin to two unmarked wallets on Nov 26, 2025, its first major BTC activity since October. - Analysts attribute the move to internal custody optimization rather than sale prep, aligning with SpaceX's historical consolidation patterns. - The transfer contrasts Tesla's static BTC holdings (11,509 BTC) and highlights divergent crypto strategies between Musk's companies. - Market observers view the move as a signal of institutional Bitcoin sentiment amid broader crypto volatil

SpaceX Moves Over $100 Million in Bitcoin to New Wallets

On November 26, 2025, SpaceX, led by Elon Musk, transferred approximately $105.4 million worth of Bitcoin to two unidentified wallets. This transaction, totaling 1,163 BTC, was tracked by blockchain analytics firm Arkham Intelligence. The Bitcoin was distributed between the addresses "bc1qh...galzy" and "bc1q4...u54ez." This marks SpaceX’s most notable Bitcoin movement since October 29, when it relocated 281 BTC to a different wallet.

According to Arkham, SpaceX currently possesses around 6,095 BTC, which was valued at $553 million on the day of the transfer, with Bitcoin trading at $91,324 per coin.

Internal Management, Not a Sale

Industry experts believe these transfers are part of SpaceX’s internal asset management rather than an indication of an imminent sale. The company has a history of reorganizing its Bitcoin reserves, such as the significant reduction in 2022 when it cut its holdings by nearly 70% during the market upheaval caused by the Terra-Luna collapse and FTX’s bankruptcy. Blockchain analysts note that such moves are often intended to enhance security and streamline operations, especially as organizations migrate from older wallets to more advanced ones.

Comparing SpaceX and Tesla’s Bitcoin Strategies

SpaceX’s approach to managing its digital assets stands in contrast to Tesla, another company under Musk’s leadership. Tesla currently holds 11,509 BTC, valued at $1.05 billion, and has not increased its Bitcoin reserves since 2022. While SpaceX continues to actively manage its cryptocurrency, Tesla’s strategy has been notably more passive, highlighting different philosophies between the two firms.

Market Reactions and Broader Crypto Trends

SpaceX’s recent Bitcoin movements have attracted attention from market watchers, who are analyzing these actions for insights into institutional sentiment toward Bitcoin. The transfers took place during a period of heightened volatility in the cryptocurrency market, including a 4.17% increase in Bitcoin’s price within 24 hours and a $37 million hack at Upbit involving Solana assets. Analysts point out that significant transactions by major corporations like SpaceX can impact market perception, even if no actual selling occurs.

Institutional Adoption and Regulatory Developments

The timing of SpaceX’s transfer aligns with renewed institutional interest in Bitcoin. For example, Cathie Wood’s ARK ETF recently boosted its investment in Coinbase while reducing its Tesla holdings, signaling a shift in investor focus. Meanwhile, Spain’s left-leaning political party has proposed a 47% tax on crypto gains, a move that has faced criticism for its approach to decentralized assets.

Focus on Security Over Liquidation

Despite ongoing speculation, SpaceX has not signaled any intention to sell its Bitcoin holdings. The company’s previous large-scale transfer of $153 million in July further demonstrates its emphasis on optimizing asset custody rather than divesting. This strategy reflects a broader industry trend, as more companies prioritize secure storage solutions in response to regulatory uncertainty and fluctuating markets, as reported by The Block.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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