Elon Musk’s SpaceX Breaks Bitcoin Silence with $152M Transfer

SpaceX broke a three-year pause with a ~$152M BTC transfer, reigniting questions over its crypto strategy and treasury intentions.
On-chain analytics firm Arkham Intelligence reported that an address linked to SpaceX transferred roughly 1,300 BTC in a single transaction to a wallet believed to be associated with a major exchange. The transfer marked the first on-chain activity from SpaceX’s wallet since mid-2022.
SpaceX’s Bitcoin holdings have remained largely untouched since its last sale in 2022, when the company reduced its position during market volatility. The recent transaction occurred while Bitcoin traded near all-time highs above $120,000.
Arkham Intelligence shows SpaceX held approximately 8,285 BTC as of early 2025. The $152 million transfer – about 18% of their total position – went to what appears to be an exchange wallet, though the specific platform hasn’t been confirmed. Blockchain tracking service LookOnChain highlighted the significant transfer:
SpaceX and Tesla together hold over $2 billion in Bitcoin across their corporate treasuries. Tesla has been more active with its Bitcoin holdings, conducting several transactions in recent years for liquidity management.
No official statement has been released by SpaceX or its affiliates regarding the purpose of the transfer. The company’s treasury team has not provided details about whether the transfer represents a sale, internal rebalancing, or preparation for other corporate activities.
The timing is interesting – Bitcoin just hit all-time highs above $120,000, and other companies like Strategy are doubling down on crypto purchases.
SpaceX’s Bitcoin address remains active and continues to hold the majority of its cryptocurrency reserves. Blockchain analysts are monitoring the wallet for any additional movements or patterns that might indicate the company’s treasury strategy.
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