Is Elon Musk’s SpaceX Really Selling Its Bitcoin, Or It’s Just FUD?
Recent large Bitcoin transfers by SpaceX sparked rumors of a sell-off, but on-chain data suggests the move is unconfirmed and could be for security or rebalancing.Summary
SpaceX recently moved approximately 2,246 BTC in several transactions, leading to viral speculation on Crypto Twitter that the company, owned by Elon Musk, was preparing to sell its entire Bitcoin holdings. On-chain data from Arkham shows that while large outflows occurred, SpaceX still holds over 5,012 BTC (valued around $448 million), meaning less than half of its tracked Bitcoin was moved. Crucially, the receiving wallets have not been confirmed as exchange addresses linked to liquidation desks, weakening the assumption of an imminent dump. Analysts suggest alternative, neutral explanations such as wallet rotation for security, fund consolidation, or custody structure upgrades, which do not imply selling. Until a direct link to a known exchange appears, the claim that SpaceX is selling its Bitcoin remains unproven, with current market noise outweighing conclusive data.
(Source：BeInCrypto)