TLDR

SpaceX moved 1,308 Bitcoin worth about $153 million in its first onchain activity since 2021.
The company consolidated the funds from 16 old addresses into one SegWit-compatible wallet.
Arkham Intelligence tracked the transfer and identified the wallets linked to SpaceX.
The movement indicates a strategic shift in how SpaceX manages its crypto assets.
SpaceX has not made any public statements explaining the reason behind the transaction.

SpaceX has transferred 1,308 Bitcoin worth approximately $153 million in its first onchain activity since 2021. Arkham Intelligence flagged the movement, identifying it as involving 16 P2PKH addresses consolidated into a SegWit-compatible P2WPKH address. The assets remain unmoved from the new address at the time of reporting.

The transaction involved a strategic wallet consolidation, likely aimed at improving fund management and reducing future transaction costs. This move comes amid political and operational shifts for SpaceX as it navigates ongoing government scrutiny. Neither Elon Musk nor the company has released a public statement regarding the transaction.

SpaceX first disclosed Bitcoin holdings in 2021 and has remained quiet on its cryptocurrency strategy since. However, this latest transfer signals a potential shift or preparation for future asset activity. The timing of this move aligns with broader financial and political developments affecting the company.

Bitcoin Consolidation Highlights Strategic Intent

SpaceX executed the Bitcoin transaction by withdrawing funds from 16 separate legacy wallet addresses. All funds were moved to a modern SegWit-compatible address, which is designed for greater efficiency and cost reduction. Such consolidation typically suggests internal treasury optimization rather than external pressure.

The total value of Bitcoin moved was estimated at $153 million at the time of the transaction. Arkham Intelligence, a blockchain analytics firm, tracked the addresses and confirmed the transaction belonged to SpaceX. Despite the large sum involved, the move did not affect broader market volatility.

BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS

They sent 1.3K BTC ($153M) to a fresh address this morning.

Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho

— Arkham (@arkham) July 22, 2025

SpaceX currently holds approximately 6,977 BTC, which is valued near $815 million. This positions the company as one of the largest known corporate holders of Bitcoin. Still, SpaceX has never detailed its long-term cryptocurrency strategy beyond its 2021 disclosure.

Political Tensions and Contract Diversification

The transfer occurred while SpaceX faces heightened political pressure and contract scrutiny from the U.S. government. Reports in June stated the Trump administration considered reviewing or canceling $22 billion in contracts tied to the company. While critical contracts remained intact, the episode revealed growing federal concerns.

Recently, the Pentagon announced plans to diversify suppliers for the $175 billion Golden Dome missile defense system. This shift aims to reduce the government’s dependency on SpaceX for critical defense technologies. The decision introduces new competition into the national space infrastructure landscape.

 

The post Elon Musk’s SpaceX Moves 1,308 BTC in First Onchain Shift Since 2021 appeared first on CoinCentral.

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Filed under: News - @ July 22, 2025 8:34 pm