The rockets aren’t the only thing moving at SpaceX. Elon Musk’s aerospace giant has just shuffled a massive cryptocurrency fortune, breaking a years-long pattern of dormancy in its digital wallet.
SpaceX transferred approximately $268.5 million worth of bitcoin on Tuesday, moving 2,495 BTC across several unmarked wallet addresses. The transaction represents the company’s first significant cryptocurrency activity since July 24 and marks the first material change to its bitcoin reserves since June 2022, according to Arkham Intelligence.
Wallet Reorganization or Strategic Shift?
The aerospace manufacturer has not publicly explained the transfer’s purpose. Crypto analyst Aunt Ai suggests the movement likely reflects internal wallet reorganization rather than a selloff. Earlier SpaceX transfers were also later found to be normal activity with Coinbase, and the new wallets haven’t moved or sold any of the Bitcoin since.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
SpaceX reportedly slashed its holdings by 70% in mid-2022, responding to cascading market crises including Terra-Luna’s collapse and FTX’s implosion. The company has not purchased additional bitcoin since then. Meanwhile, Musk’s Tesla maintains 11,509 BTC valued at $1.24 billion after similarly liquidating most holdings in 2022.
The timing of the transfer is intriguing, as per experts. Corporate America has been warming up to Bitcoin again, partly thanks to the Trump administration’s friendlier stance toward crypto. With regulation getting into motion, SpaceX’s quiet move has sparked speculation across both the crypto and aerospace communities. Is this a strategic repositioning by Musk or the prelude to something bigger? The engines may be silent, but the trajectory is anything but random.
