22.07.2025 06:05

SpaceX, Elon Musk's ambitious space exploration company, recently made headlines with its first Bitcoin transaction in three years. A significant sum, totaling approximately $153 million, was transferred. This substantial movement of over 1,300 Bitcoin (BTC) to a new address was meticulously tracked and verified by blockchain analytics firm Arkham Intelligence. The transfer represents a noteworthy development in the cryptocurrency holdings of the company.

Three years of inactivity preceded this transaction, making it a particularly interesting event for crypto market watchers. Arkham Intelligence's data reveals that a wallet associated with SpaceX still retains a considerable Bitcoin holding—over 6,900 BTC, currently worth around $810 million. The exact reasons for this large-scale transfer remain undisclosed.

Speculation abounds regarding the purpose of this move. One possibility, arguably the most plausible, is a simple reorganization of the company's digital asset storage infrastructure. This seems more likely than a planned liquidation, considering the substantial value of the remaining holdings. Previous reports from Arkham, dating back to mid-2025, indicated that Tesla and SpaceX collectively possessed approximately $2 billion in Bitcoin.

Tesla, another Musk-led company, continues to hold a significant Bitcoin stake. Their Q1 earnings report confirms a current holding of approximately 11,509 BTC. Both Tesla and SpaceX acquired their Bitcoin at an average price around $32,000, resulting in significant unrealized profits, estimated at nearly $1.5 billion. This combined Bitcoin portfolio underscores the enduring confidence of Musk's companies in the cryptocurrency. The recent surge in Bitcoin's price, surpassing $122,800 and prompting large-scale sell-offs by some long-term holders, further highlights the volatile nature of the market and adds context to SpaceX's actions. Information for this report was sourced from various internet sources.