đ SpaceX Bitcoin Move â Custody, Not Selling đđ§
SpaceX has recently moved 1,163 BTC (~$105M) to an address believed to be linked to Coinbase Prime.
According to on-chain data, this looks more like a custody reshuffle, not a sell-off.
đ Key Points:
The receiving address is linked to institutional-grade custody, not a retail exchange account.
SpaceX still has about 6,095 BTC after the transfer.
No exchange-side liquidation trail was observed â just security/treasury management.
Such large moves are usually operational security upgrades, not market dumps.
đ§ Smart Take:
Unless these BTC go to an exchange sell address, it should be considered custody optimization.
BTC
68,891.16
+3.91%