SpaceX Transfers $134 Million in Bitcoin to New Wallets, Suggesting Security Upgrade

SpaceX recently transferred 1,215 Bitcoin valued at approximately $133.68 million to new wallets, marking the second such move in a week. This action, tracked by Arkham Intelligence, indicates a shift to more secure storage rather than any intent to sell, maintaining the companys substantial Bitcoin holdings.

• SpaceX moved 300 BTC and 915 BTC to separate new wallets on Friday.
• This follows a previous transfer of Bitcoin worth $268 million just days earlier.
• SpaceX currently holds 6,970 BTC, valued at around $772.15 million, with no major sales reported since 2022.

What is SpaceXs Latest Bitcoin Transfer？

SpaceXs Bitcoin transfer involves relocating 1,215 BTC, worth about $133.68 million, to new wallets as part of routine security enhancements. According to data from Arkham Intelligence, the company executed this move on Friday, splitting the amount into 300 BTC and 915 BTC across two distinct addresses. This follows a similar transaction earlier in the week, underscoring SpaceXs proactive approach to safeguarding its digital assets without signaling any market disposition.

How Much Bitcoin Does SpaceX Hold and Why Does It Matter？

SpaceX maintains a robust position with 6,970 Bitcoin in its portfolio, currently valued at approximately $772.15 million based on recent market prices. This holding reflects the company‘s interest in cryptocurrencies, which began accumulating during the 2020-2021 period alongside Tesla. The significance lies in SpaceX’s status as a leader in aerospace innovation, demonstrating how forward-thinking corporations integrate digital assets into their treasury strategies for potential long-term value preservation.

Arkham Intelligence data highlights that SpaceX has refrained from significant purchases or sales since 2022, suggesting a hold-and-secure philosophy. In contrast, related entities like Tesla initially acquired $1.5 billion in Bitcoin but later divested 75% of its 48,000 BTC stake in 2022, now holding 11,509 BTC. This divergence illustrates varying corporate risk appetites in the volatile crypto landscape.

Expert analysts, such as those from blockchain research firms, note that such transfers often prioritize multi-signature wallets or cold storage to mitigate hacking risks. For instance, during past bull runs, Elon Musk publicly supported Bitcoin and Dogecoin, influencing market sentiment, though SpaceXs strategy remains more reserved and undisclosed officially.

ARKHAM ALERT: SPACEX MOVING $130M $BTC

SPACEX JUST MOVED FUNDS TOTALLING $133.7M. THEY TRANSFERRED 300 BTC ($33M) AND 915 BTC ($100.7M) TO NEW WALLETS

THIS COMES 3 DAYS AFTER THEIR LAST MOVE OF 100 BTC pic.twitter.com/YplK8QAdvn

— Arkham (@arkham) October 24, 2025

Broader market context shows Bitcoin trading at $111,017, with a $2.2 trillion market cap and $50 billion in 24-hour volume. Ethereum hovers at $3,940, facing resistance above $4,000, while Bitcoin dominance stands at 57.7% and Ethereums share at 12.4%.

In parallel developments, the US government relocated seized assets from Alameda Research, including minor amounts like $1 in Viberate tokens, $36 in OCEAN, and $60 in HOT tokens. These actions highlight ongoing regulatory oversight in the crypto sector, emphasizing compliance and asset management practices.

Frequently Asked QuestionsWhat prompted SpaceXs recent Bitcoin transfers？

SpaceXs Bitcoin transfers are primarily driven by security upgrades, moving funds from legacy to modern wallets without any sales intent. Arkham Intelligence reports confirm this as the second such operation in a week, aligning with best practices for protecting high-value digital holdings in a threat-prone environment.

Is SpaceX planning to sell its Bitcoin holdings？

No evidence suggests SpaceX intends to sell; the transfers are wallet migrations for enhanced security. With holdings steady at 6,970 BTC since 2022, the company appears committed to long-term retention, differing from Teslas partial divestment amid environmental and market pressures.

Key Takeaways

• Security Focus: SpaceXs Bitcoin movements prioritize wallet upgrades, not liquidation, safeguarding against evolving cyber threats in the crypto ecosystem.
• Corporate Strategy: Holding 6,970 BTC worth $772 million positions SpaceX as a key player in corporate crypto adoption, mirroring early accumulations from 2020-2021.
• Market Resilience: Amid Bitcoin‘s $111,017 price and fear-based sentiment, such actions by major holders like SpaceX signal confidence in cryptocurrency’s future stability.

Conclusion

SpaceXs Bitcoin transfer of $133.68 million underscores a strategic emphasis on secure asset management within its broader Bitcoin holdings, contrasting with past corporate decisions like Teslas sales. As the crypto market navigates recovery from recent downturns, with Bitcoin dominance at 57.7%, these moves by innovative firms like SpaceX highlight growing institutional maturity. Investors should monitor such developments closely, as they may influence future trends—consider diversifying portfolios with established digital assets for sustained growth potential.