SpaceX Strikes $268.5M In Bitcoin In First Transfers Since July

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Newest Bitcoin Transfers Seen As A Pockets Reorganization SpaceX Has Dumped Bitcoin In The Previous Musk Says Bitcoin Can’t Be Faked Like Fiat Associated Articles:

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Elon Musk’s SpaceX transferred Bitcoin value $268.5 million, its first since since July, sparking hypothesis in regards to the technique behind the transfer.

On-chain knowledge from Arkham Intelligence reveals that the corporate moved a complete of two,495 BTC to 2 pockets addresses that remained unmarked. 1,298 BTC was despatched to the handle “bc1qj7enhu6…,” whereas one other 1,197 BTC was transferred to the handle “bc1qq7872pz…”

As of 6:43 a.m. EST, the wallets had not moved or bought the BTC.

Newest Bitcoin Transfers Seen As A Pockets Reorganization

Whereas the explanation for the current transfers stays unclear, some analysts consider that the transactions had been simply a part of a pockets reorganization.

Crypto analyst Aunt Ai (ai_9684xtpa) is among the many analysts that consider the transactions may not be an indication that SpaceX is seeking to promote its Bitcoin.

SpaceX 时隔三个月再次转出价值 2.68 亿美元的 $BTC
其中 1187 枚 BTC 已转移至地址 bc1qq…4sduw，1208 枚转移至地址 bc1qj7…6kqef，目前两个接收地址都暂未转移或卖出
不过需要注意的是：七月时 SpaceX 的突发转账，其接收地址已被 Arkham 标记为 Coinbase Prime Custody… https://t.co/ZerD9mJcSB pic.twitter.com/D0L2mnLEOa
— Ai 姨 (@ai_9684xtpa) October 21, 2025

The analyst additionally famous that previous transactions by SpaceX had been to a custody handle on Coinbase Prime.

Bitcoin’s value slid over 1% previously 24 hours amid a broad crypto market correction of over 2%.

SpaceX Has Dumped Bitcoin In The Previous

SpaceX began buying Bitcoin again in 2021, however bought round 70% of its holdings in the midst of 2022, across the similar time because the Terra Luna collapse and the FTX implosion.

Since then, SpaceX has stored a gentle 8,285 BTC on its steadiness sheet, which is value greater than $900.6 million at present costs.

Musk’s electrical automobile manufacturing firm Tesla additionally holds BTC on its steadiness sheet.

SpaceX Strikes 8.5M In Bitcoin In First Transfers Since July

Prime 20 company BTC holders (Supply: Bitcoin Treasuries)

Based on knowledge from Bitcoin Treasuries, Tesla holds 11,509 BTC. This ranks it because the eleventh-biggest BTC treasury agency globally. It additionally locations it one place under US crypto trade Coinbase, with its 11,776 BTC, and one place above crypto mining agency Hut 8 and its 10,667 BTC.

In the meantime, Arkham Intelligence reveals that Tesla’s BTC holdings are value greater than $1.247 billion. Not like SpaceX, the electrical automobile producer’s final Bitcoin transaction was round 9 months in the past.

Musk Says Bitcoin Can’t Be Faked Like Fiat

Through the years, Musk has gone out of his approach to keep away from being drawn into discussions about Bitcoin.

Throughout a web-based chat over a 12 months in the past, he waved away ARK Make investments’s CEO Cathie Wooden when she tried to carry up the topic. Musk additionally stored his distance from US President Donald Trump’s plans relating to crypto.

However he not too long ago responded to a publish on X from information web site Zerohedge, when it pontificated on why gold, silver and Bitcoin are at or close to file highs.

The cash just isn’t the issue: AI is the brand new world arms race, and capex will ultimately be funded by governments (US and China). If you wish to know why gold/silver/bitcoin is hovering, it is the “debasement” to fund the AI arms race.
However you possibly can’t print vitality https://t.co/qwdD8QbVON
— zerohedge (@zerohedge) October 14, 2025

“If you wish to know why gold/silver/bitcoin is hovering, it’s the “debasement” to fund the AI arms race,” it stated, concluding by saying that vitality is extra priceless than cash as a result of “you possibly can’t print vitality.”

“That’s the reason Bitcoin relies on vitality: you possibly can subject pretend fiat foreign money, and each authorities in historical past has performed so, however it’s unattainable to pretend vitality,” Musk stated.