On-chain data exploded this morning—SpaceX suddenly moved 1163 Bit coins, on par with each other with 1.05 million USD, directly to a new wallet. More surprisingly, this money is suspected to flow into the Prime accomplice service of a compliance platform. It should be noted that this is the first major action of this company in three years.

After reviewing the ledger, SpaceX currently holds 6095 BTC, which when calculated at the current price of around 5.53 million USD, clearly makes it the fourth richest Bitcoin holder among private companies. Analysts seem quite calm, stating that this is mostly a reorganization of managed accounts, not an attempt to crash the market. But as you know, whenever whale wallets tremble, especially if they move towards management on exchanges, the market immediately gets tense.
What's more interesting is that Musk's other company, Tesla, also holds Bitcoin worth 11.5 billion US dollars. Whenever these big players move, the entire community has to stare at the screen and guess for hours. Is this just a routine portfolio adjustment, or are they holding something big? Anyway, on-chain won't lie, the movements in the next few days may provide an answer.