SpaceX moves 281 BTC in third transfer in 10 days as Bitcoin falls below $110K following Fed rate concerns.
SpaceX has made its third large Bitcoin transfer in ten days, according to data from blockchain analytics firms.
On October 30, the company moved 281 BTC worth over $31 million to a new wallet, adding to the $450 million already transferred in recent weeks. The transactions have drawn attention from crypto analysts, especially as Bitcoin’s price dropped below $110,000 after the latest move.
SpaceX Transfers 281 BTC to New Wallet
Blockchain data shows that SpaceX moved 281 BTC, worth around $31.33 million, on Thursday. The funds were sent to a new wallet address, not previously used in earlier transactions. This shift has raised questions about whether the company is changing its Bitcoin storage strategy.
According to Arkham Intelligence, over 1,207 BTC were moved from a wallet linked to SpaceX. Of that, 281 BTC remained unspent in the new wallet, while 927 BTC returned to the original wallet. An additional $19.33 in BTC was moved to Coinbase Prime.
This is the third major Bitcoin transfer by SpaceX in just ten days. Earlier transactions included transfers worth $133.7 million and $268 million. Combined, the firm has now moved approximately $450 million in Bitcoin since mid-October.
Market Speculation Grows Around Elon Musk’s Intentions
The crypto market has reacted strongly to these large and frequent transactions. Many in the crypto community are discussing possible reasons behind the sudden movements. Some analysts suggest it may relate to asset custody, while others believe it could signal a broader strategy.
On October 14, Elon Musk mentioned Bitcoin publicly for the first time in years. He highlighted its energy efficiency, changing his earlier stance on its energy use. This comment came before the first of SpaceX’s three large transfers.
True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
— Elon Musk (@elonmusk) October 14, 2025
In 2022, SpaceX reportedly reduced its Bitcoin holdings after the market crash that followed the Terra-Luna collapse. These recent movements suggest the company may be adjusting its holdings once again. However, no official comment has been made by SpaceX or Elon Musk.
BTC Price Drops After Fed Remarks and SpaceX Transfer
The timing of the transfer has coincided with a decline in Bitcoin’s price. Following the movement of funds, BTC dropped over 2% in one hour, reaching $108,000. This came after U.S. Fed Chair Jerome Powell made comments suggesting a rate cut may not come in December.
In the last 24 hours, Bitcoin has fallen more than 4%, trading between $108,097 and $113,642. Trading volume has remained flat, which suggests many investors are staying cautious for now. The market is watching closely for further activity from large holders like SpaceX.
The Fed uncertainty and corporate transfers has led to short-term volatility. Analysts continue to monitor the situation to understand the reasons behind the moves better.
For now, the large transactions have brought new attention to Bitcoin and its role in corporate portfolios.
