Elon Musk’s SpaceX moves Bitcoin — First major on-chain activity since July

Key Takeaways

What did SpaceX do with its Bitcoin holdings?

The corporate grew to become lively and transferred $268.5 million price of BTC to inside wallets.

Has this transfer affected the value of Bitcoin?

No main volatility adopted. BTC rose 3.44% to $112,340 over the previous 12 hours, indicating that markets thought of it a non-liquidation exercise.

SpaceX has transferred roughly $268.5 million price of Bitcoin to numerous wallets, in line with on-chain information Arkham Intelligence.

The transfer marks the primary important exercise since July, when the corporate’s Bitcoin holdings moved for the primary time in three years.

Arkham’s information reveals that 90 BTC and 10 BTC had been despatched to separate addresses, whereas roughly $257.7 million price of Bitcoin stays in SpaceX-controlled wallets.

The construction displays the corporate’s actions in July 2025, which had been extensively seen as a custodial or treasury rebalancing somewhat than a liquidation.

SpaceX’s Bitcoin Portfolio

Arkham data signifies that SpaceX’s Bitcoin holdings quantity to five,790 BTC, price roughly $648.3 million. Moreover, the portfolio confirmed a each day worth improve of 1.36%.

This makes SpaceX one of many largest personal company holders of Bitcoin, alongside Tesla and Technique.

Tesla, one other Elon Musk firm, presently owns over 11,500 BTC, making it the eleventh largest company holder.

When SpaceX final moved funds in July, the transaction broke a three-year silence since 2022. On the time, blockchain analysts confirmed that no BTC was despatched to exchanges. This commentary appears according to the present motion.

Market response

Regardless of the multi-million greenback switch, Bitcoin costs remained secure, indicating that buyers interpreted the transfer as routine treasury exercise.

Supply: TradingView

Nonetheless, the broader market confirmed indicators of energy, with BTC rising 3.44% to $112,340 over the previous 12 hours. It has recovered from final week’s dip under $107,000.

Merchants on X speculated whether or not the transfer indicators preparations for a brand new custody or institutional partnership.

Nonetheless, most agreed that that is a part of SpaceX’s ongoing portfolio administration technique.

For now, SpaceX’s on-chain place continues to indicate lively however unused holdings, reinforcing long-term alignment with Bitcoin publicity somewhat than short-term buying and selling.