Categories: Crypto

Elon Musk’s SpaceX moves $153M in Bitcoin for first time in 3 years

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.

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Bitcoin recently surged past $122,800 to a new all-time high, prompting a Satoshi-era whale to cash out 80,000 BTC. At the time of reporting, the asset was trading above $117,000, CoinGecko data shows.