SpaceX Transfers $100M in Bitcoin to Coinbase Prime Custody

SpaceX transferred 1,083 BTC, worth nearly $100 million, to Coinbase Prime Custody, continuing a trend of large Bitcoin moves for secure storage. The company now holds over 5,000 BTC, with the transfer seen as a strategic asset management step.

SpaceX has transferred 1,083 Bitcoin, valued at nearly $100 million, to Coinbase Prime Custody, drawing significant attention from the cryptocurrency community. This move is part of a series of large Bitcoin transactions by SpaceX in recent weeks, with previous transfers also directed toward custodial storage. The company’s remaining Bitcoin holdings are estimated at over 5,000 BTC, worth around $460 million. Blockchain analytics confirm the transfer originated from a SpaceX-linked wallet, and the destination aligns with institutional-grade custody practices. The timing of the transfer coincided with market volatility and exchange outages, contributing to price fluctuations and heightened market sensitivity. Analysts interpret the move as a strategic adjustment for secure asset management rather than a signal of imminent selling. SpaceX has not commented on the purpose of the transfer, but the action reflects a trend among major corporate holders to optimize security, compliance, and risk management through professional custodians.