Elon Musk’s aerospace firm made a rare move after Bitcoin established a new all-time high.
Key Takeaways
- SpaceX transferred $153 million in Bitcoin, its first crypto movement in three years.
- The move was identified by blockchain analytics firm Arkham.
A wallet tied to SpaceX, Elon Musk’s space exploration company, moved more than 1,300 Bitcoin (BTC) worth approximately $153 million to a new address on Tuesday, Arkham Intelligence data shows. It’s the first on-chain activity from the wallet in three years.
SpaceX-labeled wallet still holds over 6,900 BTC, valued at around $810 million at current market prices.
While the motive behind the move is unknown, it’s possible the wallet owner is reorganizing its storage infrastructure rather than preparing for a liquidation.
As of mid-2025, Tesla and SpaceX held around $2 billion in Bitcoin, Arkham previously reported. Tesla currently holds approximately 11,509 BTC, as per the company’s Q1 earnings report.
The companies acquired their Bitcoin at an average price near $32,000 per unit, and have held these positions long-term, currently sitting on unrealized profits close to $1.5 billion.
ELON MUSK’S COMPANIES OWN $2 BILLION IN BITCOIN
Tesla and SpaceX hold over $2 BILLION of BTC combined. They purchased this at an average price of ~$32K.
Combined, Elon’s