SpaceX, the space exploration company founded by Elon Musk, executed a significant $133.7 million Bitcoin transfer on Friday, according to blockchain analytics firm Arkham Intelligence.
The firm moved a total of 1,215 BTC to new, unlabeled wallet addresses. This transfer involved two separate transactions: 300 BTC ($33 million) and 915 BTC ($100.7 million). This movement comes just days after a similar transfer to addresses that were labeled as belonging to the company. It’s currently unclear why SpaceX moved the funds or whether they plan to sell any of their holdings.
SpaceX and Tesla’s Bitcoin Treasuries
Prior to this recent activity, SpaceX held 8,285 BTC, valued at about $914 million when Bitcoin was trading above $110,000. This amount ranks the company as the fourth-largest privately held company with a Bitcoin treasury.
SpaceX’s Bitcoin activity has fluctuated over time:
- In 2022, the company’s labeled addresses held up to 25,000 BTC.
- This amount dropped to 8,285 BTC by June 2022.
- The company registered no on-chain activity for over three years until earlier this year when it began to consolidate its holdings.
Another of Musk’s companies, Tesla, also holds a substantial Bitcoin treasury, currently holding 11,509 BTC, worth more than $1.27 billion.
- Earlier this year, Tesla reported over $600 million in quarterly profits on its BTC holdings due to a re-valuation under new accounting rules.
- Tesla’s last recorded on-chain activity was in October 2024, when it moved about $765 million in BTC.
The article also notes that Elon Musk recently made comments on social media, praising Bitcoin’s energy consumption, marking a shift from his previous environmental criticisms back in 2021.
As of the time of the report, Bitcoin was trading at $110,541, down slightly by 0.3% on the day.
October 2025, Cryptoniteuae
