SpaceX transfers small Bitcoin amounts after IPO, total under $300

SpaceX moved Bitcoin between its own wallets for the first time in roughly six months, conducting three on‑chain transactions that together amount to less than $300. The transfers consisted of 0.00213 BTC (about $135), 0.00139 BTC (about $89) and a third transfer of 0.000738 BTC (about $47) that was routed through the custody service Coinbase Prime.

The company retained roughly 18,712 BTC, valued at about $1.16 billion, after its recent public listing. No Bitcoin was sent to an exchange address, and analysts view the moves as routine internal fee‑management or wallet‑testing activity rather than a signal of an imminent sale. Arkham Intelligence flagged the activity, noting that the modest size and lack of exchange destination suggest the transfers are not market‑moving sell orders, though the market may still interpret any on‑chain movement as a signal.

Overall, the activity underscores how publicly listed firms with crypto holdings are subject to heightened scrutiny, even for routine internal transactions.