SpaceX moved almost $100 million in Bitcoin to a new wallet rather than to the wallets in the previous transfers, on-chain analyst Lookonchain reported on December 5. The on-chain expert believes the latest transfer to Coinbase Prime is likely for custody purposes. Arkham transaction data revealed over 1083 BTC moved from the wallet linked to SpaceX. Unspent 283 BTC worth $31.33 moved to ‘bc1qrzg’ and spent $162.48 in BTC moved to Coinbase Prime. Also, the remaining unspent 800 BTC worth $73.73 million moved to ‘bc1qyh’ wallet. SpaceX primary wallet still sits on 5,012 BTC, valued at $461.7 million at the current market price. Transfers look like a pattern as SpaceX rotates part of its Bitcoin holdings into fresh wallets every few weeks. Notably, coins moved to new addresses in the last two months remain untouched.