Overview
- On-chain data shows roughly 2,495 BTC moved into two fresh addresses, and both recipient wallets have recorded no outbound transactions.
- Two small Coinbase Prime test transfers preceded the move, a pattern consistent with custody procedures rather than exchange deposits.
- The originating SpaceX-linked wallet now holds about 5,790 BTC, while the company’s total holdings are commonly cited at 8,285 BTC.
- This is the first significant activity since July and fits a recurring pattern of periodic internal reallocations for security or accounting.
- Bitcoin briefly dipped below roughly $108,000 around the transfer window, but broader market reaction was muted with no signs of distress selling.