SpaceX quietly transferred nearly $2.4 million worth of BTC, and the crypto community is speculating again.

ForkTongue · 2025-11-22T19:38:46+00:00

SpaceX recently transferred 2,395 bitcoins, sparking market speculation that this may be a routine asset management operation. BTC prices are falling, the market is under pressure, and long-term holders are still observing the situation.

ForkTongue

2025-11-22 19:38:46

Abstract generation in progress

Elon Musk’s SpaceX recently made a big move—transferring 2,395 bitcoins, worth about $26.8 million, to two wallets that have been inactive for a long time. This sparked various market speculations: are they adjusting their investment portfolio, or preparing for on-chain custody?

Interestingly, a similar operation happened in July this year, which was later confirmed to have been handled via Coinbase Prime. So this time, it’s likely just routine asset management by SpaceX—nothing too mysterious.

On the other hand, BTC is currently around $107,800, having dropped more than 2.5% in the past 24 hours. The whole market seems to be under some pressure, but long-term holders may still be watching the situation.

What do you think—is this normal institutional activity, or are they preparing for something big?

BTC1,56%

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