SpaceX Bitcoin transfer activity has resumed after three months of silence, and right now it’s drawing attention across crypto markets. On October 21, Elon Musk’s aerospace company moved around $268 million worth of Bitcoin—the first major movement since July. The SpaceX Bitcoin transfer involved 2,395 BTC split between two wallets, and analysts are viewing it as an internal reshuffle rather than a sale to exchanges.
Also Read: Rocket Lab (RKLB) Jumps as Morgan Stanley Sets $68 Target, Cites SpaceX Link
SpaceX Bitcoin Transfer Highlights Corporate Holdings And Market Trends
The SpaceX Bitcoin transfer was split into two parts at the time of writing. Around 1,298 BTC worth $139.7 million was sent to one address. At the same time, 1,197 BTC valued at approximately $128.8 million went to another wallet. Both addresses remain inactive with no outflows recorded, according to SpaceX latest news reports.
Before the main Bitcoin transfer, two small test transactions of $150 and also $177 were executed from Coinbase Prime. This is pretty standard custody protocol for large moves. The original wallet still holds 5,790 BTC worth around $625 million. The company’s total corporate Bitcoin holdings stayed at 8,285 BTC.
Understanding SpaceX’s Bitcoin Position
SpaceX started accumulating Bitcoin back in 2021 but sold roughly 70% of its position during the 2022 Terra-Luna collapse and the FTX market turmoil. Since then, the Elon Musk Bitcoin holdings at SpaceX have remained steady at 8,285 BTC—now worth more than $1.1 billion with unrealized gains exceeding $621 million.
The last time the company moved coins was in July 2025, which sparked speculation on social media. But just like this week’s SpaceX Bitcoin transfer, no sales to exchanges were detected by blockchain analysts. This pattern suggests ongoing treasury management rather than market exit strategies.
Bitcoin did dip below $108,000 during the Bitcoin transfer window. This decline was attributed to broader factors such as U.S.-China trade tensions and ETF outflows. At press time, Bitcoin was trading at $107,805 with daily volume hitting $61.3 billion, though some sources reported prices around $112,340 with a 3.44% gain.
What’s notable here is that large corporate Bitcoin holdings transfers used to trigger panic selling in earlier market cycles. But Bitcoin has matured as an asset, and such movements are now viewed more rationally by traders and investors.
Also Read: If Thumzup Does It, Can X Money Follow With DOGE Payments?
What This Means for Corporate Bitcoin Strategy
The SpaceX latest news shows the company ranks among the largest private holders, alongside Tesla and Strategy. Tesla, also an Elon Musk Bitcoin venture, currently holds over 11,500 BTC, making it the 11th largest corporate holder globally.
The structure of this latest SpaceX Bitcoin transfer reveals sophisticated treasury management practices. Using Coinbase Prime for test transactions, then distributing funds across multiple wallets—these are institutional-grade security measures that have become standard for major corporate Bitcoin holdings.
Traders on platforms like X have been speculating about whether this Bitcoin transfer indicates preparations for a new custody setup or maybe some institutional collaboration. Most agree it’s simply part of the company’s ongoing portfolio management strategy rather than any signal about selling pressure.
The fact that both receiving addresses remain dormant and no funds were routed to exchanges suggests the company is committed to long-term Bitcoin exposure. This aligns with the broader trend of corporations treating Bitcoin as a treasury asset rather than a speculative vehicle right now.
