Simply put
- SpaceX transferred over 1,200 BTC, which amounts to more than $133 million, on Friday.
- This follows a similarly large transfer that occurred earlier in the week.
- Details regarding the company’s future plans remain undisclosed.
Elon Musk’s aerospace venture, SpaceX, moved more than $133 million worth of Bitcoin, as reported by blockchain analytics firm Arkham Intelligence.
The company conducted a transfer of 1,215 Bitcoins shortly after transferring a similar quantity to another address. They moved the total to different wallets.
According to Arkham, “SpaceX just transferred a total of $133.7 million,” which included 300 BTC (about $33 million) and 915 BTC (roughly $107 million).
Interestingly, the new wallets aren’t currently identified as belonging to the Hawthorne, California company, unlike the earlier move this week.
Arkham Alert: SPACEX moves $130 million $BTC
SPACEX moved a total of $133.7 million in funds, transferring 300 BTC ($33M) and 915 BTC ($100.7M) to a new wallet.
This occurred just three days after the previous transfer of 100 BTC.
Before these transactions, SpaceX held 8,285 BTC, valued around $914 million, and Bitcoin was recently trading above $110,000. This positioned it as the fourth largest private holder of Bitcoin, per available data.
In 2022, designated wallets linked to an aerospace company maintained as much as 25,000 BTC, but by mid-year, that number had decreased to 8,285 BTC.
Following these moves, SpaceX had no recorded on-chain activity until earlier this year when it incorporated some of its Bitcoin on its own chain, marking its first activity in over three years.
The reasons behind the fund transfers, or the potential for selling some Bitcoin holdings, weren’t immediately clear, and a representative for SpaceX did not respond right away to requests for comments.
Interestingly, Musk’s other enterprise, Tesla, also has significant Bitcoin investments. The company holds 11,509 BTC worth over $1.27 billion and is among the top ten publicly listed companies with Bitcoin holdings.
Earlier this year, Tesla re-evaluated its stock holdings under new accounting rules, reporting a profit exceeding $600 million as Bitcoin prices surged after President Trump’s election.
Since its last movement of $765 million in Bitcoin in October 2024, Tesla hasn’t logged any further transactions.
Bitcoin’s value dipped slightly on the day, falling by 0.3% to $110,541, which is about 12% lower than its all-time peak of $126,080.
