SpaceX has stirred the cryptocurrency market by transferring more than $153 million in Bitcoin, marking its first movement since 2022. Blockchain analytics firm Arkham Intelligence revealed that a SpaceX-linked wallet moved 1,308 BTC to a new address earlier this week, breaking a three-year dormancy period.
According to Arkham, SpaceX still holds approximately 6,977 BTC, currently valued at around US$810–$825 million based on prevailing market prices. While the company has not commented on the reason behind the transfer, industry analysts suggest it could be part of a wallet restructuring effort rather than a signal of liquidation.
BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS
— Arkham (@arkham) July 22, 2025
They sent 1.3K BTC ($153M) to a fresh address this morning.
Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho
This move comes as Bitcoin continues its meteoric rise, recently hitting a new all-time high of over US$122,800 before settling aroundUS$117,000. The surge has significantly boosted the value of Bitcoin holdings for not only SpaceX, but also Tesla, two companies that have been early adopters of cryptocurrency as part of their corporate treasuries.
Tesla currently holds approximately 11,509 BTC, worth roughly $1.36 billion at current prices. The company acquired Bitcoin at an average price of around $32,000 per coin, which means Tesla is sitting on unrealized profits close to $1 billion. Combined with SpaceX’s holdings, Musk’s two companies now control around $2 billion in Bitcoin.
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With Tesla and SpaceX maintaining their crypto holdings, both companies appear committed to Bitcoin as a long-term asset rather than short-term speculation. Given the current price trajectory and Musk’s outspoken support for cryptocurrency, these holdings could continue to play a strategic role in the financial planning of his enterprises.
