SpaceX has stirred up the crypto community once again after shifting a sizable amount of bitcoin into two newly identified wallets. The move, spotted through on-chain data, was flagged by Sani — the analyst behind timechainindex.com — whose automated tracker captured a fresh relocation involving 1,163 BTC.
A New Multi-Wallet Shuffle Raises Eyebrows
It has been barely a month since SpaceX last reorganized its bitcoin holdings, yet on November 26, 2025, the aerospace company carried out another significant transfer at block 925338. The latest movement, valued at roughly $106.14 million at the time it was recorded, was promptly shared by Sani, who posted a screenshot from his timechain bot with a short but telling remark that “SpaceX coins are on the move.”
According to the bot’s detection, the transaction consisted of 1,163 BTC sent from a tracked SpaceX-associated address to a combination of “Coinbase Prime Custody and unidentified entities.” The funds subsequently settled into two separate wallets, one holding 399 BTC and the other 764 BTC. The transfer incurred an on-chain fee of 13,675 sats, equal to around $12.36 — a negligible cost compared to the scale of the transaction.
Market Speculation Builds
This shuffle follows an earlier movement in which SpaceX transferred 281 BTC to an unknown wallet, prompting ongoing speculation among observers. Some believe the company is merely reorganizing its cold-storage structure, while others wonder whether these transactions could be early steps toward a larger strategic shift or even a discreet preparation for potential sales.
For now, no definitive conclusion can be drawn. As a private company, SpaceX is not required to disclose whether it has sold any of its bitcoin until it submits its fourth-quarter filings to the U.S. Securities and Exchange Commission. Until then, each on-chain movement will likely continue to fuel debate and draw sharp attention from analysts watching SpaceX’s bitcoin strategy unfold in real time.
