Elon Musk’s SpaceX Breaks Its Bitcoin Silence with $153M Shock Transfer
After three years of dormancy, a wallet tied to Elon Musk‘s SpaceX just jolted to life, sending 1,308 BTC, worth roughly $153 million, to a previously inactive address. According to data from Arkham Intelligence, this is SpaceX’s first recorded on-chain movement since June 2022, when it transferred $102 million worth of Bitcoin to Coinbase (COIN).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SpaceX Stirs the Market with Massive Transfer
The transaction came out of nowhere. It originated from a well-known wallet address tagged to SpaceX and landed in a new, unlabeled destination. The receiving wallet has shown no further activity so far, but the timing and scale of the move have traders wondering what comes next. With Bitcoin trading near $119,000, the sudden shift of funds is hard to ignore.
It’s not yet clear whether this was a treasury reshuffle, a strategic sell, or something else entirely. But the move shows us that SpaceX, or at least the custodians of its BTC holdings, are back at the controls. The last time this wallet was active, Bitcoin was still hovering around $30,000. This time, it’s worth nearly four times that.
SpaceX Still Holds Over $800 Million in BTC
Even after the recent transfer, SpaceX isn’t emptying the tank. Arkham data shows the company still holds 6,977 BTC, which is currently valued at approximately $815 million. That stash places SpaceX among the world’s top corporate Bitcoin holders, trailing behind only giants like Strategy(MSTR) and Tesla (TSLA).
The connection to Tesla makes this even more intriguing. Both companies have made sizable Bitcoin plays in the past. Musk has largely kept quiet on SpaceX’s crypto treasury since the 2022 disclosure, but this latest move suggests the holdings were never forgotten, just parked.
What It Means for the Crypto Market
The crypto world doesn’t miss a beat when major wallets start moving. That’s why, in a July already packed with volatility, SpaceX’s sudden transfer could ripple through market sentiment, especially among large holders watching for cues.
If this marks the beginning of more frequent BTC activity from Musk-linked firms, it could imply that there is new appetite for crypto allocations, or it could just be a reawakening of dormant assets amid a surging market.
For now, no coins from the new wallet have hit an exchange.
Investors interested in crypto should stay informed by tracking the prices of their favorite cryptocurrencies and using technical analysis tools on the TipRanks Cryptocurrency Center. Click on the image below to find out more.

Content Original Link:
" target="_blank">