• SpaceX moved $133.7 million in Bitcoin this week, following a $268.5 million transfer days earlier.
• The company holds nearly 7,000 BTC worth around $770 million, per Arkham data.
• Analysts suggest the transfers are consolidation efforts, not sales—hinting at long-term crypto positioning.
Elon Musk’s SpaceX just made another huge move in crypto—transferring roughly $133.7 million worth of Bitcoin to new wallets on Friday. This marks the second major transaction in less than a week, according to data from Arkham Intelligence. Earlier in the week, SpaceX reportedly shifted around $268.5 million worth of Bitcoin, its first major activity since July. Together, those moves suggest something’s definitely happening behind the scenes.
Consolidating or Preparing for Something Bigger?
According to analysts, these transfers seem more like internal reorganizations rather than sales. The company might be consolidating its Bitcoin holdings and migrating from older wallet addresses to newer, more secure ones. As of now, SpaceX is said to hold about 6,970 BTC—roughly $770 million—based on Arkham’s latest data. For context, Bitcoin was trading around $110,493 as of early afternoon Friday, showing the company’s exposure remains pretty substantial.
A Look Back at SpaceX’s Bitcoin Strategy
Back in mid-2022, SpaceX reportedly slashed around 70% of its Bitcoin holdings. That decision came right after the Terra-Luna collapse and the fallout from FTX, both of which rocked the crypto market. Since then, the company hasn’t made any major new purchases of Bitcoin, sticking to what it already owns. The recent movements might just be housekeeping—or maybe the early signs of a new phase in Musk’s broader crypto play.
Musk’s Other Company Still Holds Big BTC Bags
Tesla, Musk’s other major company, followed a similar path. It also sold off a large portion of its Bitcoin holdings during the chaos of 2022. Even so, Tesla still holds around 11,509 BTC, worth about $1.24 billion today. Between both firms, Musk’s empire continues to quietly keep a strong foothold in the world’s largest cryptocurrency—no matter how quietly those coins move.
