Key Takeaways
– SpaceX transferred nearly $100 million worth of Bitcoin as part of its crypto treasury management.
– The company is among several major firms actively adjusting custody strategies for digital assets.
SpaceX moved 1,083 BTC—about $100 million—on Dec. 5, 2025, according to on‑chain tracker Lookonchain. The transfer appears to be part of ongoing treasury and custody adjustments rather than a market trade.
The privately held company, led by Elon Musk, has maintained Bitcoin in its corporate treasury and has shown intermittent wallet activity after stretches of dormancy. Recent movements have funneled coins to wallets linked to Coinbase Prime, suggesting SpaceX is shifting holdings into institutional custody or otherwise reorganizing how it stores and manages crypto assets.
Coinbase Prime is an institutional platform that offers custody, trading, and treasury services geared to corporations and large investors. Firms moving sizable balances to institutional custody platforms are commonly aiming to increase security, segregate assets, enable better reporting, or access institutional services such as insured storage and advanced settlement options.
SpaceX’s transfers fit a broader trend of corporations refining how they hold and manage digital assets, balancing security, regulatory compliance, and operational flexibility for treasury assets.
