Haciyev Reşit 
Elon Musk’s space technology giant, SpaceX, is once again making headlines in the cryptocurrency market. According to on-chain data from Arkham Intelligence, the company transferred a total of $133.7 million worth of Bitcoin on Friday. This move marks SpaceX’s second major Bitcoin transaction in less than a week. Analysts believe the transfers suggest that the company is relocating its digital assets to new wallets for security purposes.
Two Major Bitcoin Transfers in One Week: SpaceX Moves Hundreds of Millions
Arkham Intelligence’s analysis reveals that SpaceX executed two large Bitcoin transfers last week. The first took place on Tuesday, involving approximately $268.5 million worth of Bitcoin the company’s first major BTC movement since July. Then, on Friday, SpaceX transferred another $133.7 million in Bitcoin to new wallets.
In total, the company moved roughly $400 million worth of Bitcoin within just a few days.
According to Arkham’s data, SpaceX currently holds around 6,970 BTC, valued at approximately $770 million. Rather than selling, the company appears to be transferring its Bitcoin holdings to newer and more secure wallet addresses, signaling a custodial restructuring rather than liquidation.
SpaceX’s Bitcoin Journey: Major Reduction in 2022, Renewed Activity in 2025
SpaceX’s history with Bitcoin has been nothing short of eventful. During the mid-2022 crypto collapse triggered by the Terra-Luna crash and the subsequent FTX bankruptcy the broader market experienced a severe downturn. Amid that uncertainty, SpaceX reportedly sold around 70% of its Bitcoin holdings.
Since then, there had been no public evidence of new purchases. However, the company’s recent activity suggests that SpaceX is moving its remaining BTC holdings to more secure storage addresses as part of a long-term “HODL” strategy. Analysts interpret this as a sign that Elon Musk’s companies continue to actively manage their crypto reserves while upgrading security measures to protect digital assets.
Bitcoin Price Update: Limited Market Reaction
At the time of reporting, Bitcoin was trading at $110,493.92. Despite the large transfers, there was no significant price volatility following the news. Experts say this supports the view that SpaceX’s actions were not sales but internal security-related transfers.
Nonetheless, transactions of this scale often rekindle discussions about institutional participation in crypto markets and influence investor sentiment, highlighting how major corporate moves can still resonate across the broader Bitcoin ecosystem.
Tesla Updates Its Bitcoin Portfolio
Another of Elon Musk’s giants, Tesla, is following a similar path in managing its crypto investments. In 2022, the company sold a large portion of its Bitcoin holdings to reduce exposure to market risks. Despite this, Arkham Intelligence data shows that Tesla still holds 11,509 BTC, valued at approximately $1.24 billion today.
This solidifies Tesla’s position as one of the largest corporate Bitcoin holders in the world. The way Tesla and SpaceX handle their crypto assets is increasingly viewed as a model of risk management for institutional investors combining cautious diversification with long-term strategic holding.
Overall Assessment
Many analysts interpret SpaceX’s recent Bitcoin transfers as part of updated institutional security protocols. The new wallets may include enhanced multi-signature structures and stronger security layers, designed to protect digital assets more effectively.
Such measures not only ensure asset protection, but also reinforce transparency and trust among large institutional players.
Experts believe that the long-term holding strategies of major corporations like SpaceX and Tesla could contribute to greater market stability over time. While these actions may not trigger immediate price movements, they serve as evidence of the growing institutional adoption of Bitcoin — establishing a more robust foundation for the crypto market’s future.
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