At a Glance
- SpaceX, owned by Elon Musk, has again moved significant amounts of Bitcoin to new wallets.
- On October 24, 2025, the aerospace company transferred approximately $134 million worth of BTC.
- This follows another large transfer of $268 million earlier in the week, marking the end of a three-month inactive period.
- Current holdings for SpaceX are around 6,970 BTC, valued at approximately $770 million.
Recent Bitcoin Movements by SpaceX
Onchain data analytics firm Arkham has reported that a wallet associated with Elon Musk’s SpaceX has transferred over $133.7 million in Bitcoin (BTC) to newly established wallets. This significant transaction occurred on Friday, October 24, 2025.
According to Arkham’s detailed analysis, the transactions involved two separate transfers: 300 BTC valued at $33 million and an additional 915 BTC worth $100.7 million. These movements represent the second instance this week where the U.S.-based aerospace company has moved its Bitcoin holdings into unmarked, new wallets.
SpaceX’s Weekly Bitcoin Activity Totals $268 Million
The recent $134 million Bitcoin transfer follows an even larger move made by SpaceX just three days prior. This earlier transaction, involving 2,395 BTC valued at over $268 million, was the first time the company had moved its Bitcoin holdings in three months. The substantial amount was split between two new addresses, comprising 1,187 BTC and 1,208 BTC respectively.
Industry observers are closely monitoring these activities. Some analysts suggest that the on-chain data implies a potential reorganization of SpaceX’s wallet infrastructure. Notably, a portion of the transferred Bitcoin was sent to Coinbase Prime, leading some to speculate that these movements are for custody purposes, with Coinbase Prime likely receiving a transfer fee.
💡 It’s important to note that while SpaceX’s Bitcoin movements have garnered attention, they are part of a larger trend of corporations holding digital assets. The precise reasons behind these transfers remain speculative, with wallet management being a primary theory.
Current Bitcoin Holdings and Comparison with Tesla
At present, Elon Musk’s SpaceX holds an estimated 6,970 Bitcoin, which is currently valued at approximately $770 million. This positions SpaceX as a significant holder of the flagship cryptocurrency among corporate entities.
In comparison, Tesla, another company under Elon Musk’s leadership, also maintains a substantial Bitcoin portfolio. Tesla holds approximately 11,509 BTC, worth about $1.24 billion at current market prices. It is worth remembering that Tesla divested a significant portion of its Bitcoin holdings back in 2022.
📊 According to public data on Bitcoin treasuries, Tesla ranks 11th on the list of the top 100 largest Bitcoin holders among public companies. MicroStrategy leads this list with an impressive 640,418 BTC. Other notable large corporate holders include MARA (53,250 BTC), XXI (43,514 BTC), and Metaplanet (30,823 BTC).
Expert Summary
SpaceX has recently executed major Bitcoin transfers, moving substantial sums to new wallets after a three-month pause. These transactions, totaling hundreds of millions of dollars, have sparked discussion about potential wallet reorganizations and custody strategies. While SpaceX holds significant Bitcoin reserves, its holdings are notable within the broader landscape of corporate crypto treasuries, including those of Tesla.