According to LookIntoBitcoin monitoring, SpaceX moved 281 BTC, roughly $31.28 million, to a new wallet, a move commonly interpreted as a potential custody transfer. The transaction underscores ongoing on-chain activity by the company and highlights how large crypto holdings are rotated across addresses in recent periods.

In the past ten days, SpaceX has executed three separate BTC transfers. This cadence may reflect routine management of digital assets rather than market timing.