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Elon Musk's SpaceX Moves $133 Million Worth of Bitcoin

Posted by Bill Rippel on October 25, 2025 - 2:37am


Elon Musk's SpaceX Moves $133 Million Worth of Bitcoin

In this article:
 

Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to blockchain analytics firm Arkham Intelligence.  

The firm transferred 1,215 Bitcoin in total to separate addresses, just days after shifting around a similar amount to addresses it controls. 

“SpaceX just moved funds totalling $133.7 million,” the analytics firm posted. “They transferred 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.” 

Unlike SpaceX’s transfers earlier in the week, the new wallets are not currently labeled as belonging to the Hawthorne, California-based firm. 

Prior to the transfers, the firm held 8,285 BTC worth around $914 million, as Bitcoin recently traded above $110,000. That’s good enough for fourth on the list of privately held companies with Bitcoin treasuries, according to data from BitcoinTreasuries.net

In 2022, addressees labeled as belonging to the aerospace firm held as much as 25,000 BTC, but that number dropped to 8,285 BTC in June of that year. 

After those moves, SpaceX did not register any on-chain activity until earlier this year, when it consolidated some of its Bitcoin holdings in its first on-chain activity in more than three years

It’s not immediately clear why the firm transferred the funds or if it has any intentions to sell some of its Bitcoin holdings. A representative for SpaceX did not immediately respond to Decrypt’s request for comment.

Another of Musk’s companies, Tesla, also maintains a strong connection to Bitcoin. The car and robotics firm currently holds 11,509 BTC, worth more than $1.27 billion, placing it just outside the top 10 publicly traded companies with Bitcoin treasuries.

Elon Musk Gushes About Bitcoin 'Energy' Demands—Years After Environmental Gripes

Earlier this year, Tesla re-valued its holdings based on new accounting rules, leading it to book more than $600 million in quarterly profits as BTC rose following the election of President Donald Trump.

Tesla has no further recorded on-chain activity since it moved around $765 million in BTC to new wallets in October 2024.

Bitcoin is down modestly on the day, falling 0.3% to $110,541—about 12% off its all-time high of $126,080. 

Simon Keighley The large Bitcoin transfer by SpaceX is certainly an interesting move, especially with the current market dynamics. Thanks for sharing.
October 25, 2025 at 5:06am