Bitcoin News Update: Are SpaceX’s Anonymous Bitcoin Wallets a Calculated Strategy or an Indicator of Market Liquidity?

SpaceX, led by Elon Musk, has ramped up its on-chain

transactions, shifting $133.7 million worth of crypto to fresh wallet addresses this week, according to blockchain analytics provider Intelligence, as detailed in a . The recent movements—300 Bitcoin ($33 million) and 915 Bitcoin ($100.7 million)—follow a $268.5 million transfer on Tuesday, representing SpaceX’s first significant blockchain activity since July 2025, per an . Unlike earlier transactions, these new wallet addresses have not yet been identified as belonging to SpaceX, prompting speculation about the company’s approach, according to a .

As reported by CoinMarketCap, SpaceX now possesses roughly 6,970 Bitcoin, with an estimated value of $770 million, making it the fourth-largest private company holding Bitcoin. This is a significant drop from its 2022 peak of 25,000 Bitcoin, which was reduced during the market upheaval after the Terra-Luna crash and FTX collapse, CoinMarketCap noted. Experts believe these recent transactions are likely consolidating older wallets into newer ones, though SpaceX has not indicated any plans to sell, Yahoo Finance reported.

This uptick in activity has caught the attention of market watchers, with some theorizing about possible liquidity requirements or a shift in strategy, according to a

. Blockchain experts point out that the transactions do not appear to be linked to exchanges, suggesting SpaceX still controls the Bitcoin, DailyHodl added. Meanwhile, Musk’s other company, Tesla, holds 11,509 Bitcoin (valued at $1.27 billion), ranking just outside the top 10 public companies with Bitcoin reserves, CoinMarketCap reported. Tesla’s recent adjustment of its crypto asset valuation under updated accounting standards resulted in over $600 million in quarterly profit, according to a .

As of Friday, Bitcoin was trading near $110,500, about 12% below its record high, CoinMarketCap stated. While these transfers did not cause immediate price swings, they highlight the increasing focus of corporations on managing Bitcoin reserves, Investor Empires observed. Industry analysts note that such movements often come before major strategic announcements, though SpaceX’s lack of comment leaves room for speculation, Watcher.guru reported.

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