In a striking move after more than three years of inactivity, SpaceX has transferred 1,308 BTC—worth approximately $153 million—from its long-dormant wallet to a fresh address. Blockchain analytics firm Arkham Intelligence flagged the transaction, noting it’s the first outbound transfer since June 10, 2022, when SpaceX moved 3,505 BTC (then valued at about $102 million).
The recipient address hasn’t shown further activity, leaving open the question: Is this a strategic internal shuffle or the start of a selloff? Analysts suggest it could be a custodial restructuring—shifting funds to a new wallet for security or operational updates.
In any case, SpaceX’s BTC holdings remain massive. Post-transfer, the company still holds 6,977 BTC, valued at around $810–815 million, placing it among the world’s largest corporate Bitcoin holders—behind Tesla and MicroStrategy.
The timing is noteworthy: the movement comes during Bitcoin’s consolidation above $118,000–$120,000, prompting speculation in crypto markets. While some believe this hints at a forthcoming sale, others view it as a routine treasury maneuver.
Regardless, SpaceX’s Bitcoin strategy is increasingly significant amid broader institutional adoption. With high-profile companies holding crypto as part of their treasury policies, any activity from Musk-affiliated entities tends to ripple through the market.
