SpaceX moves $270 million worth of bitcoin in first transfer since July: Arkham
NEW YORK October 21, 2025 SpaceX carried out a major bitcoin transfer early Tuesday, moving 2,495 BTC valued at around $268.5 million to two newly created, unlabeled wallets, according to data from Arkham-linked trackers. The transaction marks the company’s first on-chain activity since July, drawing attention from analysts monitoring corporate crypto movements.
So far, the destination wallets have shown no additional activity, suggesting the transfer may be for internal restructuring or long-term storage. The sizable move highlights renewed interest in on-chain transparency among large institutions holding digital assets, with SpaceX’s latest transaction adding fresh intrigue to the broader market’s outlook.
What we know about SpaceX bitcoin transfer 2,495 BTC
Arkham-monitored flows indicate two large transactions totaling about 2,495 BTC from SpaceX-associated wallets to fresh, untagged addresses. Third-party dashboards report no subsequent distribution from those addresses at press time. The pattern resembles prior housekeeping moves rather than immediate distribution to exchanges. Crypto Briefing+1
Holdings snapshot and history
Arkham research in August reported SpaceX held ~8.28k BTC, down from a historical peak of ~28k more than a 70% reduction during 2022’s market stress around Terra/Luna and FTX. Tuesday’s movement does not, by itself, change that estimated total.
Why SpaceX bitcoin transfer 2,495 BTC may be routine
On-chain analysts note the absence of exchange-labeled counterparts and highlight SpaceX’s July 2025 activity which was later interpreted as custody cycling—as precedent. Without evidence of selling, Tuesday’s transfers likely reflect wallet reorganization or custody management.
Market context
Bitcoin has whipsawed around the $110k handle this month amid broader risk volatility. Recent headlines showed BTC dipping on macro tensions before rebounding, underscoring a fragile backdrop in which large whale movements can amplify sentiment even if they are operational.
Context & Analysis
Transfers of this type can be neutral. In the absence of exchange-bound flows or sales, they often reflect custody rotation, internal risk controls, or address hygiene. That said, headlines around SpaceX and Tesla remain price-sensitive because both firms are among the largest corporate holders tracked by Arkham.
Conclusion
SpaceX’s recent bitcoin transfer stands out due to its large scale, yet current signs point to standard wallet management rather than a strategic market move. The company shifted 2,495 BTC, worth about $268.5 million, to two new wallets — its first on-chain activity since July.
With no indication of selling or exchange deposits, the move appears operational, likely involving storage reorganization or security updates. Analysts expect minimal market impact but remain alert for any further activity from the new addresses, as such large corporate transactions often spark speculation about institutional crypto positioning.
FAQs
Q : What happened?
A : SpaceX moved approximately 2,495 BTC (around $268.5 million) to two new, unlabeled addresses.
Q : Did SpaceX sell the bitcoin?
A : No, there are no visible sales from the destination wallets at this time.
Q : Is this unusual?
A : It’s SpaceX’s first on-chain movement since late July; such transfers can be part of routine wallet rotations.
Q : How much bitcoin does SpaceX hold?
A : Arkham estimated around 8,280 BTC as of August, following a more than 70% reduction in 2022.
Q : What about Tesla?
A : Arkham tracks Tesla holding approximately 11,509 BTC, with no recent changes reported.
Q : Where is the bitcoin now?
A : The bitcoin sits at two new, unlabeled addresses, and monitoring shows no onward movement yet.
Q : Does the SpaceX bitcoin transfer of 2,495 BTC affect BTC price?
A : Large transactions can influence market sentiment, but recent BTC volatility has mainly been driven by macroeconomic factors.
Facts
Event
SpaceX moves ~2,495 BTC to two unlabeled addressesDate/Time
2025-10-21T05:17:00-04:00 (report time); tracking ongoingEntities
Space Exploration Technologies Corp. (SpaceX); Arkham Intelligence; Elon MuskFigures
~2,495 BTC (~$268.5M), SpaceX holdings ~8.28k BTC (Arkham est.); Tesla ~11,509 BTC (Arkham est.)Quotes
“The transfer may be later identified as just part of its wallet reorganization.” On-chain analyst commentary summarized from X posts. X (formerly Twitter)Sources
CryptoBriefing (spacex bitcoin transfer) Crypto Briefing; PANews (address details) PANews Lab