SpaceX Transfers $153 Million Worth of Bitcoin for the First Time in Three Years, Without Selling It
SpaceX, the aerospace manufacturer and space transportation company founded by Elon Musk, made headlines this week with a significant move in the cryptocurrency market. On July 22, 2025, SpaceX transferred over 1,308 Bitcoins, worth approximately $153 million, to a new SegWit-compatible address, marking its first on-chain activity in three years since mid-2022.
This transfer consolidated Bitcoins from multiple older addresses, suggesting an internal reorganization of cryptocurrency holdings rather than preparation for selling or liquidation. SpaceX currently holds around 6,900 BTC, valued at around $810 million based on current market prices, making it one of the largest corporate holders of Bitcoin.
The timing of the transfer coincides with Bitcoin reaching new all-time highs, surpassing $122,000. Some analysts speculate that the move could be linked to increased political tensions affecting SpaceX, including reports of potential US government contract reviews prompted by disputes involving Musk. However, the exact reasons for the transfer remain unclear.
This activity highlights a continued commitment by SpaceX to holding significant Bitcoin reserves. Consolidating funds might reflect enhanced security or operational efficiency in managing digital assets. While no explicit announcement has been made, it suggests that SpaceX views Bitcoin as a long-term asset rather than a short-term speculative instrument.
Elon Musk's companies, including Tesla, collectively own more than $2 billion in Bitcoin purchased at an average price of about $32,000 each, and are currently sitting on unrealized gains near $1.5 billion. The surge in Bitcoin's value has boosted the value of Bitcoin holdings for not only SpaceX, but also Tesla.
Both SpaceX and Tesla have been early adopters of cryptocurrency as part of their corporate treasuries. This move by SpaceX reinforces the strategic role of Bitcoin in the financial planning of the company and could indicate a steady or potentially expanded role for crypto assets within SpaceX's financial strategy in the future.
SpaceX's transfer of 1,308 Bitcoins worth $153 million to a new SegWit-compatible address may signify an investment in technology and a long-term commitment to Bitcoin, as the company currently holds around 6,900 BTC, worth over $810 million. This action, coupled with Tesla's substantial Bitcoin holdings, reinforces the strategic role of cryptocurrency in the financial planning of Elon Musk's companies.
