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Bitcoin news SpaceX

SpaceX Moves $153 Million In Bitcoin After Years Of Silence

Jake Simmons
by Jake Simmons
2 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

SpaceX has jolted the on‑chain ledgers for the first time in more than three years, dispatching 1,308 bitcoin—worth roughly $153 million at today’s market rate—to a fresh, unlabeled SegWit address. “At 13:09 (UTC+8) today, the SpaceX‑labeled address 15oKQ7…i7Jf1G transferred 1,308 BTC (worth approximately $153 million) to bc1q8k…phartf,” Chinese market‑monitor Wu Blockchain reported, citing Arkham Intelligence’s real‑time tracking tools.

Arkham’s portfolio page shows that the coins left a wallet dormant since mid‑2022. On‑chain data confirm there was no attempt to fragment the UTXO set or route funds through intermediaries, suggesting an internal realignment rather than a liquidation.

SpaceX Transfers $153M In Bitcoin—What Changed?

The last time SpaceX’s treasury made an outbound move was on 10 June 2022, when 3,505 BTC—then worth about $102 million—were sent to Coinbase, a transfer that coincided with Tesla’s decision a month later to sell three‑quarters of its own bitcoin position. Since then the aerospace company’s holdings have declined from the 8,285 BTC Arkham attributed to it in March 2024, but it still retains 6,977 BTC, valued near $815 million at the current spot price.

Related Reading: Bitcoin Takes A Breather—Strategy Responds With Another $740M Bet

Arkham has repeatedly framed Elon Musk’s corporate balance sheets as a single macro bet on digital gold. In a 27 June tweet the analytics firm reminded followers that “Tesla and SpaceX hold over $2 BILLION of BTC combined. They purchased this at an average price of ~$32K.” With bitcoin hovering around $117,000 on Tuesday, that blended cost basis translates into unrealised gains of almost 270 percent.

Market chatter has inevitably homed in on motive. Because the destination address has not spent a satoshi, several desk analysts read the transfer as a custodian reshuffle, possibly into colder storage or a segregated multisig structure—especially after Coinbase Prime replaced Xapo as a preferred institutional custodian last year.
The timing is conspicuous. Bitcoin printed a new all‑time high of $122,800 on 18 July before sliding back to the $117,000 handle today. A treasury movement of this size at elevated price levels can catalyse rumours of an imminent sale, yet on‑chain behaviour so far does not corroborate such fears.

Related Reading: Trump Shares ‘Greatest Bitcoin Explanation Of All Time’—Is It A Hint?

Notably, SpaceX has never disclosed its digital‑asset strategy beyond Musk’s 2021 confirmation that the firm owned Bitcoin alongside Tesla. Tuesday’s transfer therefore revives a familiar question: will a company whose core mission is interplanetary logistics eventually monetise its stack, or will it emulate MicroStrategy’s “permanent reserve” philosophy?

For now, the move appears operational rather than directional. The coins are on the move, but not on the market. Unless the recipient address begins to peel outputs toward exchange clusters, the episode is likely to remain an accounting footnote—albeit one worth nine digits in fiat terms and a reminder that even rockets need cold wallets.

At press time, BTC traded at $119,394.

Bitcoin price
BTC tests the 1.272 Fib, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Jake Simmons

Jake Simmons

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

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