Just seven days ago, there was a transfer, and now they've moved out another 1,083 BTC, which is roughly $100 million at current prices. Of that, 800 BTC went to a brand new address, bc1qy…xv5g9, and hasn’t moved since—it’s just sitting there, worth over $73 million.
Interestingly, the batch transferred last week is also still untouched. This looks like some kind of fund arrangement, but the specific intention isn't clear for now. However, SpaceX seems to have a pretty regular habit of moving coins periodically.
So, what's really being planned behind these moves? Or is it just simple treasury management?
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MissedAirdropBro
· 18h ago
Moving coins again? This pace is a bit outrageous, feels like Musk is setting up some big play.
Transferring back to back, and $73 million is just lying there quietly? If we can't figure it out, we'll just have to wait and see.
This guy really can't sit still, the crypto world never lacks a topic generator.
Why do I feel like something's about to happen again? My sleep quality is probably going to drop again.
Treasury management? Looks more like testing the waters to me.
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degenonymous
· 18h ago
Musk is playing with coins again. This pattern is really regular—either he's preparing for a big move or he just has too much idle cash.
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Moving every seven days, that's an interesting frequency. Could he be secretly building a position?
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Moving so many coins and just letting them sit, it's really bizarre. What is he waiting for?
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Purely treasury management? I doubt it. There must be a story behind these regular operations.
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A hundred million dollars just lying there quietly, no way this was just a casual transfer.
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SpaceX is moving coins more frequently than launching rockets, can't hold it in anymore.
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StakoorNeverSleeps
· 18h ago
Is Musk playing this game again? Regularly moving coins, hiding wallet addresses—does he really think the blockchain is transparent, and we’re all just watching the show?
That move... more than 73 million just lying there, and the key thing is it hasn’t budged. No matter how you look at it, it doesn’t seem as simple as treasury management.
Feels like SpaceX is planning something big. Otherwise, why transfer funds so regularly and deliberately leave it sitting there?
Sent directly to a new address and hasn’t been touched? What is he waiting for, another major event?
Wait, could it be related to Starlink? Or... never mind, these on-chain operations are impossible to figure out.
When you have that much money, you can do whatever you want. We small retail investors can only play the guessing game.
Does normal treasury management go like this? Something just feels off about the whole thing.
SpaceX, under Elon Musk, has made another move.
Just seven days ago, there was a transfer, and now they've moved out another 1,083 BTC, which is roughly $100 million at current prices. Of that, 800 BTC went to a brand new address, bc1qy…xv5g9, and hasn’t moved since—it’s just sitting there, worth over $73 million.
Interestingly, the batch transferred last week is also still untouched. This looks like some kind of fund arrangement, but the specific intention isn't clear for now. However, SpaceX seems to have a pretty regular habit of moving coins periodically.
So, what's really being planned behind these moves? Or is it just simple treasury management?