SpaceX has once again made headlines, and this time it's related to Bitcoin. After a three-month period of inactivity, a wallet associated with SpaceX has shown significant activity, moving a substantial 2,395 BTC, which is valued at approximately $268 million. These recent, rapid transfers have naturally fueled curiosity regarding SpaceX's potential plans and strategies concerning its Bitcoin holdings.
This latest transaction follows another significant Bitcoin transfer that occurred in July. During that event, SpaceX moved 1,308 BTC, an amount then valued at around $152 million, marking its first Bitcoin transfer in three years.
Understanding the Transfers
In the most recent activity, SpaceX, or a wallet linked to the company, transferred 1,187 BTC to an address identified as bc1qq…4sduw, and an additional 1,208 BTC to another address, bc1qj7…6kqef. Notably, both of these receiving wallets have remained inactive since the transfer; there have been no subsequent sales or further transactions from them.
SpaceX 时隔三个月再次转出价值 2.68 亿美元的 $BTC
其中 1187 枚 BTC 已转移至地址 bc1qq…4sduw，1208 枚转移至地址 bc1qj7…6kqef，目前两个接收地址都暂未转移或卖出
不过需要注意的是：七月时 SpaceX 的突发转账，其接收地址已被 Arkham 标记为 Coinbase Prime Custody… https://t.co/ZerD9mJcSBpic.twitter.com/D0L2mnLEOa
— Ai 姨 (@ai_9684xtpa) October 21, 2025
Further analysis from Arkham Intelligence revealed that the wallet involved in SpaceX's July transfer was identified as a Coinbase Prime Custody address. This identification suggests that the recent transfers might be related to internal storage management or reorganization rather than an indication of selling Bitcoin on the market. In essence, SpaceX could be adjusting its Bitcoin storage infrastructure instead of liquidating its holdings.
Current Holdings and Known Information
According to data from Arkham, following the July transfer, SpaceX's Bitcoin holdings were approximately 6,977 BTC, with a value around $815 million. After the latest transfer of $268 million, its on-chain balance has decreased to roughly 5,790 BTC, currently valued at close to $626 million.
好消息🤩
– 地址不是中本聪的坏消息😱
– 他的 BTC 仓位是微策略的13.4%，是中本聪的 6.35%
– 地址似乎归属于「独立矿工」
– 其成本低至 0.78 美金，盈利超 14 万倍
– 这 8 万枚 BTC 的价值是 86.2 亿，币安近 24 小时 BTC 的现货交易额是 10 个亿你永远猜不到市场砸盘的原因，LMAO https://t.co/WHsCZT5m0Xpic.twitter.com/mPOSpIcmKw
— Ai 姨 (@ai_9684xtpa) July 4, 2025
It is important to note that SpaceX has not officially confirmed the specific purpose behind these transfers. Analysts are unable to definitively state whether this represents a custody reshuffle or a change in treasury management. It is also possible that these movements are preparatory steps for future initiatives. Given that the newly designated wallets have not yet engaged in any Bitcoin movement, the prevailing expert opinion leans towards a wallet cleanup or reorganization rather than an outright sale.
Market Reaction and Attention
When a prominent company like SpaceX, particularly one associated with Elon Musk, engages in the movement of hundreds of millions of dollars worth of Bitcoin, it invariably generates significant speculation within the market. Large corporate Bitcoin transactions can influence market sentiment and interpretation. The fact that SpaceX has not sold any coins has led analysts to interpret these actions as a security or organizational move, rather than a bearish signal.
JUST IN: Elon Musk’s SpaceX transfers 2,495 Bitcoin worth $268 MILLION to a new wallet 👀 pic.twitter.com/Jpnk5XTva4
— Bitcoin Archive (@BTC_Archive) October 21, 2025
Conclusion
SpaceX's recent activity involving Bitcoin has generated both considerable interest and a degree of uncertainty. The company has not sold any coins, and with the wallets reportedly linked to Coinbase custody, the move is likely a technical or organizational adjustment rather than a liquidation event. However, within the dynamic cryptocurrency space, such substantial transactions always leave traders and observers with much to analyze and speculate about. Regardless of whether these actions are part of a specific strategy or routine operational management, SpaceX's involvement with Bitcoin continues to capture significant attention.