Synopsis- SpaceX just shook up the crypto world by moving $153 million in Bitcoin. After three quiet years, the Elon Musk-led company transferred 1,308 BTC on July 22, 2025. Many wonder why the company, known for rockets and innovation, chose this moment for such a move. The transaction’s size and timing, near Bitcoin’s all-time high, placed the crypto and tech communities on high alert.
Fresh Activity
For over three years, SpaceX’s Bitcoin wallet sat untouched. On July 22, that silence broke. SpaceX shifted 1,308.45 BTC, worth about $153 million, from its labeled address to an unused wallet. This move is the first since June 10, 2022. Back then, SpaceX transferred 3,505 BTC, then worth $102 million, to Coinbase. Before this latest transfer, the SpaceX wallet conducted a small test transaction. A tiny transfer less than $30 helped ensure the path was clear. After that, the larger sum moved smoothly.
The transaction fee was impressively low. Sending $153 million cost just 0.00024831 BTC, or about $29. The receiving wallet has not spent any coins yet. Some think this points to a storage reshuffle, rather than a sale. Although the Bitcoin community buzzes with speculation, SpaceX’s intentions stay mysterious.
SpaceX’s Bitcoin Holdings
Following the transaction, SpaceX still holds 6,977 BTC. At current prices, that’s about $815–$826 million sitting in reserve. SpaceX’s Bitcoin is reportedly stored securely with Coinbase Prime, a platform designed for institutional custodianship. These holdings put SpaceX among the world’s largest corporate Bitcoin owners, just behind MicroStrategy and Tesla. Tesla, Musk’s other venture, holds even more over 11,500 BTC, now valued above $1.36 billion.
SpaceX’s Bitcoin journey began in 2021. Musk publicly confirmed the company held Bitcoin that year. The company’s crypto path mirrored Tesla’s, but its exact holdings stayed under wraps. Later reports pieced together the numbers: SpaceX had amassed nearly 9,000 BTC by mid-2022. Internal records showed the company wrote down $373million in losses across 2021 and 2022. During that period, SpaceX moved large amounts over 17,000 BTC onto Coinbase. It’s still unclear if those withdrawals meant sales or simply treasury management. The bottom line: Musk’s two companies now hold roughly $2billion worth of Bitcoin acquired at about $32,000 per coin. With Bitcoin trading near $120,000, that’s a huge unrealized gain.
Why Now?
The community cannot stop guessing about SpaceX’s real motive. It’s possible the transfer is an internal shakeup. Maybe the company wanted to boost wallet security, or just reorganize how it stores its Bitcoin. The fact that the new wallet hasn’t moved any BTC since receiving it supports this theory. Another possibility is operational funding. SpaceX regularly burns cash for Starship, Starlink, and ambitious moon missions. With Bitcoin prices hovering near records, selling coins now could fund exciting projects.
Others think this is strategic perhaps a move to lock in profits, or simply a nod to evolving security practices. Some see regulatory and accounting changes as a factor. New rules and tax codes sometimes push firms to shift crypto assets. The lack of comment from Musk or SpaceX only deepens the mystery.
Crypto enthusiasts on X and other platforms have their own ideas. Some claim it’s all about “treasury rebalancing” or prepping for something even bigger. Many highlight that whale-sized moves rarely happen without careful reason. But so far, as the new wallet remains quiet, profit-taking cannot be confirmed.
Market Reactions
SpaceX’s move comes as the Bitcoin market cools slightly, resting about 3% below its record high. Institutions have sent over $17 billion worth of BTC to exchanges in recent days. Traders watch every whale transfer closely since they can move markets. Yet, SpaceX’s transfer did not immediately impact Bitcoin’s price. That offers a hint at least for now that the company is not dumping its coins on the market.
This move happens as big players shift towards more secure storage. Institutional interest in Bitcoin remains strong, especially following ETF approvals. Musk’s influence looms large, even when he stays silent. The market watches SpaceX, knowing that every crypto move could mean new strategies ahead.
Personally, I feel a kind of excitement seeing such a pioneering company like SpaceX make major moves in crypto. Even after years of rocket launches and engineering marvels, Musk’s team can surprise us with a quiet blockchain transaction that turns heads worldwide. As the dust settles, the world waits. Will SpaceX move again soon, or is this merely the start of a new chapter in their digital asset playbook? Time, as always, will reveal the truth
Written By Fazal Ul Vahab C H
