Yeliz Akmaca 
Over 1,207 BTC were moved from SpaceX wallet. Unspent 281 BTC were sent to the ‘bc1qmg’ account, while 19.33 BTC were directed to Coinbase Prime. The remaining 927 BTC returned to SpaceX’s wallet.
The three major transfers in 10 days total roughly $450 million in Bitcoin movements. Previous transfers were valued at $133.7 million and $268 million respectively. These large-scale moves have sparked speculation within the crypto community about Elon Musk’s market strategy.
Elon Musk and Bitcoin Strategy
On October 14, Elon Musk mentioned Bitcoin for the first time in years. He praised BTC’s actual energy source, signaling a shift from previous criticisms toward a more Bitcoin-friendly stance.
In 2022, SpaceX reduced its Bitcoin holdings by approximately 70%, likely due to the Terra-Luna crisis and FTX collapse impacting the crypto market. The latest transfers suggest Musk is either taking a cautious position against market volatility or strategically restructuring his Bitcoin holdings in preparation for a larger move.
Elon Musk’s Total Bitcoin Holdings
In addition to SpaceX, Elon Musk’s Tesla holds 11,509 BTC, valued at roughly $1.25 billion. Combined with SpaceX, Musk controls 18,767 BTC, worth around $2.04 billion. According to Arkham Intelligence, SpaceX’s Bitcoin portfolio alone totals 7,258 BTC, valued at approximately $790.95 million. These figures highlight Musk’s strategic management of both corporate and personal crypto assets.
BTC Price Volatility
Elon Musk’s SpaceX moves, combined with Fed Chair Jerome Powell’s hawkish comments about a possible December rate cut, caused BTC to fall over 2% in just an hour, hitting $108,000. BTC dropped more than 4% in the last 24 hours, with the lowest and highest prices at $108,097 and $113,642 respectively. Trading volume remained stable, indicating cautious investor behavior.
SpaceX Bitcoin Transfers in the Last 10 Days:
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$133.7 million Bitcoin transfer
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$268 million Bitcoin transfer
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$31.33 million Bitcoin transfer
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