SpaceX Moves 1,083 BTC Worth $99.81 Million to New Crypto Address

SpaceX Moves 1,083 BTC Worth $99.81 Million to New Crypto Address

Onchain Lens reports SpaceX shifted substantial Bitcoin holdings in December, reflecting a continued strategy of moving assets to unused wallets without further transactions.

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Fact Check
The assessment is based on the strong credibility of the primary source, Arkham Intelligence, a blockchain analytics firm with very high authority (0.95) on this matter. The claim originates directly from their research. A secondary source, a crypto news article, corroborates the event and correctly attributes the findings to Arkham Intelligence, reinforcing the core claim. There is one source presenting conflicting information, reporting a wildly inaccurate value of $13.3 billion. However, this source's credibility is undermined by the sheer improbability of the figure and its promotional nature, suggesting it is a result of poor reporting or a significant error rather than valid counter-evidence. Other provided sources are either educational in nature or entirely irrelevant to the specific claim and are therefore disregarded.The only minor ambiguity comes from the summary of the primary source, which mentions a larger movement of over $250M, while the statement specifies a $105M transaction. It is highly plausible that the $105M transfer was one part of the larger series of movements identified by Arkham. Given that the originator of the data is the most credible source available, and it is supported by secondary reporting, the statement is very likely to be true.
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Summary

SpaceX transferred 1,021 BTC valued at about $94.48 million to a new wallet on Dec. 10, as tracked by Onchain Lens. This came just days after a Dec. 5 transfer of 1,083 BTC, worth roughly $99.81 million, which included 800 BTC sent to an inactive wallet with no subsequent movements. Bitcoin previously moved on Nov. 28 also remains untouched, indicating SpaceX’s pattern of relocating and holding large BTC reserves remains consistent.

Terms & Concepts
  • BTC: An abbreviation for Bitcoin, the world's first and largest cryptocurrency by market capitalization.