SpaceX Stacks Security: $105M Bitcoin Blitz to Coinbase Prime Signals Custody Glow-Up, Not Dump

During early Asian trading hours on November 27, 2025, SpaceX moved 1,163 Bitcoin—valued at around $105 million—to a new wallet linked to Coinbase Prime custody as identified by blockchain detectives Arkham Intelligence and Lookonchain. With major previous transactions including a 1,215 BTC migration in October and earlier shuffles worth hundreds of millions in combined worth, this recent shuffle emphasizes a wider trend of action from a SpaceX-linked wallet that lay inactive for three years until it reactivated in July 2025.

With roughly $553 million, SpaceX's known on-chain Bitcoin stash now stands at 6,095 BTC following the transfer, solidifying its place as the fourth-largest private corporate holder behind heavyweights like MicroStrategy. Though it still dwarfs many rivals in absolute size and dedication to the asset class, this represents a significant drawdown from the company's 2022 high of around 25,000 BTC that reflects strategic pruning in the midst of market turbulence.

With no indications of outflows, exchange deposits, or liquidation from the beneficiary addresses, analysts all agree this is a smart custody reorganization—purely an institutional-grade security improvement through Coinbase Prime. Reflecting Tesla's playbook, which clings to 11,509 BTC worth over $1 billion, the maneuver comes hot on Bitcoin's surge past $91,000, therefore stressing how Musk's empire is doubling down on strengthened, long-haul BTC exposure amid crypto's maturing corporate acceptance.