Silk Road Linked Bitcoin Wallets Move $3 Million As SpaceX Sends BTC To Coinbase

Source: CoinEdition Original Title: Silk Road Linked Bitcoin Wallets Move $3 Million As SpaceX Sends BTC To Coinbase Original Link: https://coinedition.com/silk-road-linked-bitcoin-wallets-move-3-million-as-spacex-sends-btc-to-coinbase/

Overview

• Approximately $3 million in BTC linked to the Silk Road creator was recently transferred.
• Ross Ulbricht’s Bitcoin wallets resurfaced early this year.
• The latest transactions triggered curiosity among cryptocurrency traders.

A blockchain analyst has identified fresh Bitcoin transactions worth approximately $3 million emerging from Silk Road-linked wallets. The analyst flagged the transactions after a crypto market observer highlighted an interesting series of transactions involving significant BTC volumes.

Dust Wallets Rebound After 13 Years

According to reports, the highlighted transactions involved Bitcoin wallets comprising a set of addresses previously identified and associated with Ross Ulbricht, the creator of the darknet market Silk Road. Analysts found approximately 430 BTC across dozens of crypto wallets, which they suspected were among those not confiscated by the U.S. government after Ulbricht’s arrest over a decade ago.

After finding the wallets in January 2025, analysts noted that they contained Bitcoins worth approximately $47 million. However, they stated that they could have been worth a lot less over the years, considering Bitcoin’s price from 13 years ago, when Ulbricht faced legal challenges and imprisonment by the government.

Following a Presidential pardon, the assets have been subject to renewed attention, with particular focus on Bitcoin wallets holding significant quantities of BTC.

Notable Transactions Re-Emerge in the Bitcoin Ecosystem

Nearly one year later, activity has resumed on the Silk Road-linked wallets amid relatively low volatility in the Bitcoin market. During the same period, blockchain analysis platforms identified another significant transaction involving a major aerospace manufacturer. According to reports, a crypto wallet linked to the company transferred 1,021 BTC, equivalent to $94.48 million, to a major exchange’s custody service.

Crypto analysts are now watching the possible impact of these transactions, considering their timing and the current nature of the cryptocurrency market. With 2025 coming to an end and Bitcoin’s performance in the final quarter of the year, users believe transactions of such magnitude could represent early signals of what is to come.

Bitcoin traded for $92,240 at the time of the original report, reflecting recent market movements. The pioneer cryptocurrency has shown volatility, with analysts tracking these significant wallet movements as potential indicators of market sentiment and institutional activity.