SpaceX Transfers Another $134 Million Worth Of Bitcoin To Unknown Wallets ⋆ ZyCrypto
The post SpaceX Transfers Another $134 Million Worth Of Bitcoin To Unknown Wallets ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  Elon Musk’s space exploration company, SpaceX, shifted $133.7 million worth of Bitcoin (BTC) on Friday, marking the second major transaction in less than a week, according to data from blockchain analytics firm Arkham Intelligence. Specifically, the firm moved approximately 1,215 Bitcoin to new wallet addresses. “SpaceX just moved funds totaling $133.7 million,” Arkham wrote in a post on X. “They transferred 300 BTC ($33M) and 915 BTC ($100.7) to new wallets.” This abrupt transfer has sparked concerns about whether the Hawthorne, California-based company is reorganizing its BTC stash, preparing for institutional custody, or planning to sell some of its holdings. As ZyCrypto reported on Tuesday, SpaceX moved $269 million worth of Bitcoin, the first major transfer since July, when it consolidated some of its holdings. But unlike the Tuesday transfers earlier in the week, the new addresses are not currently tagged as SpaceX addresses. According to Arkham, the aerospace firm still holds roughly 6,970 BTC, valued at over $770 million at current market prices. Bitcoin, the largest cryptocurrency by market value, is up a paltry 0.9% on the day, trading hands for $111,360 — about 11.7% off its all-time high of $126,080. Advertisement
  Back in 2022, SpaceX held as much as 25,000 BTC, but that figure reduced dramatically to 8,285 BTC in June of the same year, likely spooked by the Terra/LUNA ecosystem blow-up and subsequent bear market. The Elon Musk-led company has not bought or sold any Bitcoin since. Another of Musk’s companies, Tesla, also holds a considerable Bitcoin stockpile. The electric vehicle manufacturer currently holds 11,509 BTC, worth around $1.28 billion, according to data tracked by Bitcoin Treasuries, and is the 11th-largest public holder of the top asset.
Source: https://zycrypto.com/spacex-transfers-another-134-million-worth-of-bitcoin-to-unknown-wallets/
Filed under: News - @ October 25, 2025 10:21 pm