SpaceX reportedly transferred 1083 bitcoins (BTC), worth approximately $99,8 million, on the morning of December 5. The funds were transferred from a company-owned wallet to a new address.
Arkham Data
Several of the company’s previous transfers have been linked to Coinbase Prime’s custodial services, and the latest activity also fits these patterns, although the exact destination has not yet been confirmed on the blockchain.
Arkham Data
Over the past month, Arkham researchers have been monitoring numerous transactions between SpaceX and Coinbase Prime Custody as the company reorganizes its assets and consolidates its treasury asset storage.
Minus the outgoing transaction, SpaceX still holds approximately 5012 BTC, worth approximately $457,8 million at the current price of $91,344. Even with Bitcoin‘s decline in November, these figures make SpaceX one of the largest known corporate holders of BTC.
The transfer took place at the moment when Bitcoin continues to trade around $91,000. Institutional demand is volatile, and large corporate and treasury holders continue to adjust positions amid changing liquidity conditions.