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Elon Musk’s SpaceX quietly shifted 1,163 BTC, worth about $105.23 million, into new wallets this week, leading to questions over whether the aerospace giant is preparing for a sale or simply reorganizing its reserves. Blockchain tracker Arkham Intelligence first spotted the transaction on November 27, noting that the bitcoins were moved from a long-dormant treasury wallet into a new address. 

The move happened just as Bitcoin reclaimed $91,000, and the size of the transaction could be an early signal of selling pressure.

SpaceX’s Bitcoin Transfer: Is This Selling Pressure?

Data from Arkham Intelligence shows that SpaceX executed the $105.23 million transfer in a single large movement. Although the transfer was substantial, a quick look at SpaceX’s treasury behavior in recent months shows that the activity points to internal restructuring rather than liquidation. Still, the scale of the transaction has left investors asking whether this could be an early signal of selling pressure.

Intelligence data shows that the funds were pushed into a new wallet with no immediate ties to exchanges. This difference is important because transfers to exchanges often come with selling activity. 

Instead, the pattern follows an earlier transaction in late October, when SpaceX moved 281 BTC into a newly created address without any subsequent liquidation. Interestingly, this 281 BTC transfer was preceded by a similar transfer of 1,215 BTC worth $133.68 million in October. 

The consistency of these movements suggests a gradual upgrade or redistribution of cold-storage arrangements, something that major corporations tend to do periodically to maintain custody security. According to Lookonchain, the recent transfer of 1,163 BTC to the new address “bc1q4p” was possibly made to Coinbase Prime for custody.

SpaceX’s balance is substantial even after the recent movement, with roughly 6,095 BTC still under its control, an amount currently valued at $555.637 million and large enough to place the company among the biggest private corporate holders of Bitcoin.

Tesla, Musk’s other major enterprise, sits even higher on the leaderboard with 11,509 BTC valued at $1.05 billion, ranking it as the 17th largest publicly traded Bitcoin-holding company in the world.

Could SpaceX’s Movements Still Impact Market Sentiment?

Despite the absence of clear evidence of selling intent, large transfers tied to high-profile companies like SpaceX inevitably influence sentiment. Bitcoin had just regained the $91,000 region at the time of the transfer, and traders immediately questioned whether Musk’s company might be preparing to offload part of its holdings, especially given the company’s sell-off history during the 2022 bear market.

Bitcoin is still stabilizing after a price crash encouraged in part by Owen Gunden, one of the earliest high-profile holders, who unloaded hundreds of millions of dollars’ worth of BTC and helped drag the price below $90,000 on November 20. However, the evidence behind SpaceX’s current transfer is still pointing to consolidation rather than liquidation.

Earlier in 2025 we celebrated Prime Day—the yearly veneration of the greatest Transformer of all, Optimus Prime (in fact, Optimus Prime is so revered that we often celebrate Prime Day twice!). But in the fall, as the evenings lengthen and the air turns chill, we pause to remember a much more somber occasion: Black Friday, the day Optimus Prime was cruelly cut down by the treacherous hand of his arch-nemesis Megatron while bravely defending Autobot City from attack. Though Optimus Prime did not survive the brutal fight, the Autobot leader’s indomitable spirit nonetheless carried the day and by his decisive actions the Decepticons were routed, fleeing from the city like the cowardly robots they truly are and giving over victory to the forces of light.

Although Optimus Prime’s death was tragic and unexpected, things are often darkest just before dawn—and so, even though today is called “Black Friday” to remind us of the day’s solemnity, we choose to honor him the way we honor other important historical figures who also laid their lives upon the altar of freedom: we take the day off to go shopping!

Below you’ll find a curated list of the best Black Friday deals that we’ve been able to find. Stand strong in the shadow cast by that long-gone noble Autobot, for by his sacrifice the day was won. Now, as Optimus would say, transform, my friends—transform and buy things.

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Amazon is paying out $2.5 billion to eligible Prime customers to settle an FTC lawsuit that alleged it enrolled people without their consent.

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Amazon is paying out $2.5 billion to eligible Prime customers to settle an FTC lawsuit that alleged it enrolled people without their consent.

The post Amazon Issuing $2.5B in Refunds to Eligible Prime Customers to Settle FTC Suit appeared first on TechRepublic.