SpaceX Bitcoin Transfer Moves $268M Across Two Wallets
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SpaceX moved 2,495 BTC ($268M) to two new addresses after a three-month pause. Analysts see the move as internal treasury management, not a sell-off. SpaceX now holds around 5,790 BTC, valued at $625 million. Arkham Intelligence data show SpaceX moved 2,495 BTC, split 1,187 BTC to an address starting bc1qq… and 1,208 BTC to bc1qj7… after a three-month lull. JUST IN: Elon Musk's SpaceX transfers 2,495 Bitcoin worth $268 MILLION to a new wallet 👀 pic.twitter.com/Jpnk5XTva4 — Bitcoin Archive (@BTC_Archive) October 21, 2025 Neither destination has sent funds out, which points to internal security or treasury optimization, not distribution. Internal Reorganization at SpaceX? Before this transaction, the firm’s primary wallet held 8,285 BTC worth about $893 million. Following the transfer, SpaceX’s holdings stand at roughly 5,790 BTC, valued at $625 million. Analysts interpret these actions as consistent with internal portfolio management rather than market sales. The firm last conducted a similar transfer in July 2025, when it moved 1,308 BTC (around $153 million) after a three-year pause in major activity. At its peak in 2021, SpaceX reportedly held close to 28,000 BTC before cutting its exposure during the 2022 market downturn. Elon Musk’s recent Bitcoin framing Earlier this month, Tesla CEO Elon Musk issued a strong validation of Bitcoin after Zero Hedge suggested that AI has become the new global arms race. Zero Hedge posted on X about surging gold, silver, and Bitcoin prices amid the “debasement trade,” suggesting that trade surpluses may be funneled into funding the AI arms race. Related: Elon Musk Embraces Bitcoin for His Newly Formed ‘America Party’ Despite no direct public endorsement of Bitcoin in years, Musk highlighted Bitcoin’s foundation in energy in response, adding that energy cannot be printed. “Bitcoin is based on energy: you can issue fake fiat currency, and every government in…
