   
SpaceX, the space exploration company run by eccentric tech centibillionaire Elon Musk, moved more Bitcoin on Wednesday, continuing a recent string of transfers.
Data tracked by blockchain analytics firm Arkham Intelligence indicates that SpaceX transferred 281 Bitcoin, worth approximately $31 million, from Coinbase Prime custody to a new, unidentified wallet.
At the time of publication, it is unclear whether the company was changing its storage system or preparing to sell the funds.
The latest move comes after multiple transfers this month.
In On October 21, SpaceX moved 2,495 BTC, worth approximately $268.5 million. in two transactions: their first tracked transfers since late July. Although the company did not publicly reveal the purpose, analysts suggested at the time it may have been part of his wallet reorganization, as some of his past transfers were later identified as SpaceX interactions with a Coinbase Prime escrow address.
On October 24, SpaceX transferred another 1,561 BTC ($171.9 million) in two transactions. Some experts have pointed to growing concerns about quantum computing and its potential threat to early Bitcoin addresses, which could explain SpaceX’s BTC transfers from legacy Bitcoin addresses to more modern formats.
The first recorded outbound transfer since June 10, 2022 was in July 2025, when SpaceX transferred 3,505 BTC (worth about $102 million at the time) to Coinbase.
Assuming the company has not yet liquidated any Bitcoin, SpaceX owns 8,285 BTC (worth $890 million), making it the fourth-largest corporate Bitcoin treasury, according to data from Bitcointreasuries.net.
Tesla, another company owned by Musk, maintains a stash of 11,509 BTC valued at more than $1.23 billion, making it the 11th largest corporate holder of Bitcoin.
bitcoin was changing hands at $107,309 at press time, representing a decline of 3.9% on the day, according to the crypto data provider. CoinGecko.
