After three months of inaction, SpaceX transferred approximately 2,485 BTC, worth nearly $268M, into two new wallets. This is its second large Bitcoin shift this year. During the distribution, 1,197 BTC were sent to one address, and 1,298 BTC were sent to another.
On-chain data shows no sales from these wallets. This shows internal reorganization or custodial changes occurred rather than asset liquidation.
Previously, in July, SpaceX moved approximately 1,308 BTC following over three years of inactivity. SpaceX's Bitcoin holdings on Coinbase Prime Custody have dropped to around 5,790 BTC, which is worth about $626 million at current pricing.
This internal shift matches institutional patterns as long-term holders cut positions and short-term holders grow theirs. Despite the current market slump, institutional inflows from ETFs and corporate treasuries have been consistent, helping to cushion price losses.
SpaceX's Bitcoin policy is consistent with other firms integrating digital assets into treasury management, with BTC serving as a financial reserve. It is unclear whether SpaceX will maintain or adjust its Bitcoin exposure, but the behavior shows the company is still managing its crypto assets strategically.
