SpaceX Executes Massive $134 Million Bitcoin Wallet Transfer - Arkham Data Reveals
SpaceX just moved mountains of Bitcoin—$134 million worth—to fresh wallets. Arkham Intelligence spotted the whale movement.
Behind the Scenes
Elon Musk's aerospace giant isn't just reaching for the stars—it's making seismic shifts in crypto markets. This isn't pocket change we're talking about.
Market Implications
When corporations this size move Bitcoin, markets notice. The transfer signals either strategic repositioning or preparation for something bigger. Either way, it's got traders watching every satoshi.
Corporate Crypto Strategy
SpaceX continues blurring lines between tech innovation and financial disruption. While traditional finance still debates Bitcoin's merits, Musk's empire just executes another nine-figure move. Because nothing says 'disruption' like moving $134 million while Wall Street analysts are still drawing trend lines on their Bloomberg terminals.
SpaceX moved $268m BTC this week
The latest BTC transfer comes after the space exploration giant moved its bitcoin holdings for the first time in three months. SpaceX broke the inactivity with a 2,395 BTC transfer to two addresses.
At the time, the coins were worth over $268 million and were split into 1,187 BTC and 1,208 BTC.
While the industry has paid attention to these activities, analysts point to on-chain details as suggesting potential wallet reorganization. SpaceX sending part of its BTC to Coinbase Prime has some stating the movement is to custody, with a transfer fee likely made to Coinbase Prime.
Musk’s company currently holds about 6,970 Bitcoin worth roughly $770 million. Elsewhere, Tesla, another of Musk’s companies with BTC on its books, holds about 11,509 BTC worth $1.24 billion at current Bitcoin prices. Tesla sold most of its BTC holdings in 2022.
Per data on public Bitcoin treasury companies, Tesla ranks 11th among the top 100 largest holders of Bitcoin among public companies. Strategy ranks first with 640,418 BTC, while MARA, XXI, and Metaplanet hold sizable chunks of 53,250 BTC, 43,514 BTC, and 30,823 BTC, respectively.
