A Bitcoin wallet linked to space company SpaceX has moved
over $150 million worth of bitcoin for the first time in more than three years,
marking its first recorded activity since mid-2022. The recent transaction has
drawn attention in cryptocurrency circles, raising questions about the
company’s intentions with its significant bitcoin holdings.
According to blockchain analytics platform Arkham, SpaceX
transferred 1,308 bitcoins (BTC) from a wallet identified as controlled by the
company to a previously inactive address. The transaction marks the first
outbound bitcoin movement since June 10, 2022, when SpaceX transferred 3,505
BTC, worth approximately $102 million at the time, to Coinbase, a popular
cryptocurrency exchange.
BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS
They sent 1.3K BTC ($153M) to a fresh address this morning.
Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho
— Arkham (@arkham) July 22, 2025
SpaceX Awakens Dormant Bitcoin Wallet with $153 Million
Transfer
SpaceX’s bitcoin wallet, which had been untouched since
mid-2022, executed a transfer involving 1,308 BTC to a previously inactive
address. According to data from Arkham, this transaction represents the first
outbound bitcoin move since June 10, 2022, when SpaceX moved 3,505 BTC valued
at approximately $102 million, transferring those coins to
Coinbase.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The current recipient wallet remains unidentified and has
shown no subsequent activity following the transfer. This has left analysts
pondering the nature of the shift—whether it indicates a sale of bitcoin
assets, internal treasury realignment, or other strategic maneuvering within
SpaceX.
SpaceX Maintains a Massive Crypto Stake
Arkham data shows that SpaceX still holds 6,977 BTC, valued
at around $815 million based on current prices. This makes SpaceX one of the
largest known corporate holders of Bitcoin, trailing behind MicroStrategy and Tesla, which are also significant participants in the
corporate bitcoin market.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The sudden activation after a three-year pause might suggest
a strategic pivot or reorganization in how SpaceX manages its crypto assets.
Given Elon Musk’s high profile in tech and crypto spaces, this bitcoin
movement will likely draw further scrutiny and analysis.
Expect ongoing updates as this story evolves.
A Bitcoin wallet linked to space company SpaceX has moved
over $150 million worth of bitcoin for the first time in more than three years,
marking its first recorded activity since mid-2022. The recent transaction has
drawn attention in cryptocurrency circles, raising questions about the
company’s intentions with its significant bitcoin holdings.
According to blockchain analytics platform Arkham, SpaceX
transferred 1,308 bitcoins (BTC) from a wallet identified as controlled by the
company to a previously inactive address. The transaction marks the first
outbound bitcoin movement since June 10, 2022, when SpaceX transferred 3,505
BTC, worth approximately $102 million at the time, to Coinbase, a popular
cryptocurrency exchange.
BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS
They sent 1.3K BTC ($153M) to a fresh address this morning.
Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho
— Arkham (@arkham) July 22, 2025
SpaceX Awakens Dormant Bitcoin Wallet with $153 Million
Transfer
SpaceX’s bitcoin wallet, which had been untouched since
mid-2022, executed a transfer involving 1,308 BTC to a previously inactive
address. According to data from Arkham, this transaction represents the first
outbound bitcoin move since June 10, 2022, when SpaceX moved 3,505 BTC valued
at approximately $102 million, transferring those coins to
Coinbase.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The current recipient wallet remains unidentified and has
shown no subsequent activity following the transfer. This has left analysts
pondering the nature of the shift—whether it indicates a sale of bitcoin
assets, internal treasury realignment, or other strategic maneuvering within
SpaceX.
SpaceX Maintains a Massive Crypto Stake
Arkham data shows that SpaceX still holds 6,977 BTC, valued
at around $815 million based on current prices. This makes SpaceX one of the
largest known corporate holders of Bitcoin, trailing behind MicroStrategy and Tesla, which are also significant participants in the
corporate bitcoin market.
The reasons behind the recent transfer are unclear. It may
represent a sale, an internal reallocation of treasury assets, or some other
financial strategy. Neither SpaceX nor its CEO, Elon Musk, has commented on the transaction.
The sudden activation after a three-year pause might suggest
a strategic pivot or reorganization in how SpaceX manages its crypto assets.
Given Elon Musk’s high profile in tech and crypto spaces, this bitcoin
movement will likely draw further scrutiny and analysis.
Expect ongoing updates as this story evolves.
