Key Takeaways
What did SpaceX do with its Bitcoin holdings?
The company became active and transferred $268.5 million worth of BTC to internal wallets.
Has this move affected the price of Bitcoin?
No major volatility followed. BTC rose 3.44% to $112,340 over the past 12 hours, indicating that markets considered it a non-liquidation activity.
SpaceX has transferred approximately $268.5 million worth of Bitcoin to various wallets, according to on-chain data Arkham Intelligence.
The move marks the first significant activity since July, when the company’s Bitcoin holdings moved for the first time in three years.
Arkham’s data shows that 90 BTC and 10 BTC were sent to separate addresses, while approximately $257.7 million worth of Bitcoin remains in SpaceX-controlled wallets.
The structure reflects the company’s activities in July 2025, which were widely seen as a custodial or treasury rebalancing rather than a liquidation.
SpaceX’s Bitcoin Portfolio
Arkham data indicates that SpaceX’s Bitcoin holdings amount to 5,790 BTC, worth approximately $648.3 million. Furthermore, the portfolio showed a daily value increase of 1.36%.
This makes SpaceX one of the largest private corporate holders of Bitcoin, alongside Tesla and Strategy.
Tesla, another Elon Musk company, currently owns over 11,500 BTC, making it the eleventh largest corporate holder.
When SpaceX last moved funds in July, the transaction broke a three-year silence since 2022. At the time, blockchain analysts confirmed that no BTC was sent to exchanges. This observation seems consistent with the current movement.
Market reaction
Despite the multi-million dollar transfer, Bitcoin prices remained stable, indicating that investors interpreted the move as routine treasury activity.
Source: TradingView
However, the broader market showed signs of strength, with BTC rising 3.44% to $112,340 over the past 12 hours. It has recovered from last week’s dip below $107,000.
Traders on X speculated whether the move signals preparations for a new custody or institutional partnership.
However, most agreed that this is part of SpaceX’s ongoing portfolio management strategy.
For now, SpaceX’s on-chain position continues to show active but unused holdings, reinforcing long-term alignment with Bitcoin exposure rather than short-term trading.