Is SpaceX Dumping Bitcoin? On-Chain Data Shows No Clear Evidence
Rumors spread quickly after several large Bitcoin transfers tied to SpaceX appeared on-chain, leading many to speculate that the company is preparing to sell. Arkham data shows SpaceX moved 2,246 BTC over the past week, including two major transfers worth over 200 million dollars. Still, the company retains more than 5,012 BTC valued at roughly 448 million dollars, disproving claims that it shifted its entire treasury.
Social media commentary framed the transfers as signs of an upcoming dump, but none of the receiving wallets have been confirmed as belonging to exchanges or OTC desks. This weakens the liquidation theory. The movements could instead reflect routine treasury actions such as wallet rotation, security upgrades, or custody restructuring.
Bitcoin’s drop below 90,000 dollars was driven mainly by ETF outflows and macro pressure, not direct evidence of SpaceX selling. For now, the rumors remain unverified.
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