Arkham Intelligence, a platform specializing in blockchain analysis, announced last Friday that Elon Musk’s company SpaceX had transferred Bitcoin balances worth more than $133 million.
Key points:
- According to Arkham Intelligence, SpaceX moved over $133.7 million worth of Bitcoin between several new crypto wallets.
- The reason for these transfers is not yet clear, while speculation suggests that the move is linked to internal restructuring or increased security measures.
- SpaceX currently owns 8,285 Bitcoins, valued at approximately $914 million, making it one of the largest private companies in possession of the currency.
The latest transactions included the sending of 1,215 Bitcoins to new wallet addresses, days after a similar transfer to wallet addresses linked to the company. Arkham account on another $100.7 million worth of BTC to new wallet addresses.
Bitcoin wallets belonging to SpaceX without description after transfer of $133 million in balances
Unlike previous transfers this week, the new wallets are not specified as a destination for the Hawthorne, California-based space company. Prior to these transfers, SpaceX owned approximately 8,285 Bitcoins, valued at approximately $914 million, ranking fourth in the ranking of the largest private companies holding the currency according to BitcoinTreasuries.net.
In 2022, the company owned around 25,000 Bitcoins before selling some of it and reducing its blockchain holdings to current levels.
After a long period of silence, SpaceX moved some of its Bitcoin holdings earlier this year, in its first recorded activity on the blockchain since 2021. The motives for these recent transfers are still unclear, as the company did not clarify whether the move reflected an asset sale, was part of an internal restructuring, or constituted a strengthening. For measures aimed at protecting its holdings in digital currencies.
ARKHAM ALERT: SPACEX MOVES $130M $BTC
SPACEX JUST MOVED FUNDS TOTALING $133.7M. They transferred 300 BTC ($33 million) and 915 BTC ($100.7 million) to new wallets
THIS HAPPENS 3 DAYS AFTER THEIR LAST MOVE OF 100 BTC pic.twitter.com/YplK8QAdvn-Arkham (@arkham) October 24, 2025
For its part, Tesla – also led by Elon Musk – has held on to 11,509 Bitcoins, worth over $1.27 billion, putting it near the list of 10 largest listed companies holding foreign exchange reserves. Earlier this year, Tesla reported quarterly profits exceeding $600 million after revaluing its assets under updated accounting rules.
As for the price of Bitcoin, it fell slightly last Friday by 0.3% to settle at $110,541, a drop of around 12% compared to its highest levels recorded at $126,080.
SpaceX goes too far by owning Bitcoin
SpaceX first gained attention in 2021 when Elon Musk revealed that the company held Bitcoin without giving specific numbers. Later, reports revealed that the company collected around 25,724 BTC coins in early 2021 and its value was then estimated at around $373 million.
However, according to documents seen by the Wall Street Journal (WSJ), the company wrote off $373 million in the value of its Bitcoin holdings between 2021 and 2022, and may have sold them partially or completely. Reports also show that the company has listed these assets on its balance sheet, but it is not yet clear whether it has completely abandoned them.
Previously, Elon Musk publicly confirmed SpaceX’s investment in Bitcoin in 2021, after Tesla purchased $1.5 billion worth of the currency, a deal that coincided with the currency’s price reaching unprecedented levels at the time.
As for the second quarter of 2022, Tesla sold 75% of its Bitcoin holdings for $936 million, leaving only $184 million in value, and Musk – known for his strong support for digital currencies – continues to have a strong influence on the markets with his repeated statements on Bitcoin and Dogecoin. (Dogecoin-DOGE).
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