Key Takeaways:
- SpaceX moved 1,308 BTC ($153M) in its first onchain Bitcoin activity in 3 years, consolidating funds for strategic management.
- The transfer comes amid political scrutiny and shifts in U.S. defense contracts, raising concerns about over-reliance on SpaceX.
- SpaceX now holds roughly 6,977 BTC (~$815M), reinforcing its position as a major corporate Bitcoin holder.
SpaceX has transferred 1,308 Bitcoin, worth about $153 million, marking its first onchain BTC movement in three years.
The transfer, identified by Arkham Intelligence, consolidated funds from 16 addresses into a single SegWit-compatible address – likely for efficiency and lower transaction costs.
BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS
— Arkham (@arkham) July 22, 2025
They sent 1.3K BTC ($153M) to a fresh address this morning.
Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho
While SpaceX hasn’t commented, the move appears strategic, not reactive.
The transfer comes amid political pressure.
The Trump administration reportedly considered canceling parts of SpaceX’s $22 billion in contracts after a public clash between Donald Trump and Elon Musk.
Although most contracts were deemed too vital to terminate, the Pentagon has started seeking alternative contractors for its $175 billion Golden Dome missile defense program to reduce reliance on SpaceX.
Elon Musk’s crypto history is notable. In 2021, Tesla bought $1.5 billion in Bitcoin and briefly accepted it for payments.
Musk also promoted Dogecoin, causing volatile swings.
His platform X is building financial tools and has secured money transmitter licenses, hinting at upcoming crypto wallet features.
SpaceX also uses stablecoins for Starlink payments in emerging markets.
It currently holds about 6,977 BTC, worth roughly $815 million, ranking it among the largest corporate Bitcoin holders.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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