SpaceX has moved another 1,215 BTC valued at around $133 million, marking its second major Bitcoin transaction in just three days.
Quick Summary – TLDR:
- SpaceX transferred 1,215 BTC worth approximately $133 million to new wallets.
- This is the second large transfer within three days, totaling over $400 million moved this week.
- A small amount of BTC was sent to Coinbase Prime, though no sell-off is confirmed.
- Analysts believe the moves point to storage restructuring, not liquidation.
What Happened?
SpaceX, led by Elon Musk, moved another large sum of Bitcoin this week. According to blockchain analytics from Arkham Intelligence and on-chain tracker Ai Aunt, the company shifted 1,215 BTC, estimated to be worth $133 million. This transfer comes only three days after a previous one involving $268 million in Bitcoin.
NEW: ☄️SpaceX, led by Elon Musk, just moved 1,210 $BTC worth $133.7 million, marking its second major #Bitcoin transfer this week, according to Arkham. pic.twitter.com/2vNursMwlX
— Bitcoin.com News (@BTCTN) October 24, 2025
The reason for these high-value transfers remains unclear, though analysts suggest it may involve reorganizing digital asset storage rather than an intent to sell.
SpaceX’s Mysterious Bitcoin Activity
This week’s activity marks the second major BTC movement from SpaceX in a short time. The total now exceeds $400 million moved across two separate transactions:
- Tuesday: Approximately $268.5 million in BTC moved to new addresses.
- Friday: Another $133.7 million transferred in 1,215 BTC.
- Total: Over $400 million in Bitcoin moved in three days.
Interestingly, about $150 worth of Bitcoin was sent to Coinbase Prime, sparking curiosity over whether SpaceX might be planning a sale. However, no substantial evidence has emerged to confirm any liquidation.
Arkham Intelligence data also shows that after these movements, SpaceX’s wallet currently holds 6,970 BTC, valued at roughly $770 million. That’s down from the 8,285 BTC the wallet held in July 2025.
Not the First Crypto Shakeup
This activity is the most notable since July, when SpaceX moved $153 million in BTC, breaking a three-year silence on the blockchain. Analysts believe these recent actions point to wallet modernization, possibly moving assets from older or less secure storage to more updated systems.
The timing also aligns with a rise in Bitcoin’s value, which briefly touched $112,000 after lower-than-expected US inflation data before settling around $110,300. That could further explain why SpaceX might be reorganizing its holdings now.
SpaceX and Tesla’s Crypto Journey
SpaceX isn’t new to crypto. The company reportedly sold about 70 percent of its Bitcoin holdings in 2022 following the Terra-Luna collapse and FTX’s bankruptcy. Since then, there has been no public record of new BTC purchases.
Similarly, Tesla also made headlines in 2022 after selling off a significant portion of its Bitcoin. Tesla is currently holding 11,509 BTC, with a current value of approximately $1.24 billion, according to Arkham.
SQ Magazine’s Takeaway
I think it’s pretty fascinating to see SpaceX quietly moving hundreds of millions in Bitcoin without a clear explanation. If this was a sell-off, we’d probably see larger transfers to exchanges. But the tiny $150 test transfer to Coinbase suggests this might just be about upgrading storage security or internal restructuring. With Bitcoin’s price climbing and market sentiment turning positive, it’s not surprising that big players like SpaceX are making moves behind the scenes. What this tells me is that crypto is still very much part of Elon Musk’s long game, even if he’s not tweeting about it.
