In brief
- SpaceX moved more than 1,200 BTC—or $133 million in funds—on Friday.
- The transfers follow similarly sized moves from earlier this week.
- Details on the firm’s plans are not yet known.
Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to blockchain analytics firm Arkham Intelligence.
The firm transferred 1,215 Bitcoin in total to separate addresses, just days after shifting around a similar amount to addresses it controls.
“SpaceX just moved funds totalling $133.7 million,” the analytics firm posted. “They transferred 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.”
Unlike SpaceX’s transfers earlier in the week, the new wallets are not currently labeled as belonging to the Hawthorne, California-based firm.
Prior to the transfers, the firm held 8,285 BTC worth around $914 million, as Bitcoin recently traded above $110,000. That’s good enough for fourth on the list of privately held companies with Bitcoin treasuries, according to data from BitcoinTreasuries.net.
In 2022, addressees labeled as belonging to the aerospace firm held as much as 25,000 BTC, but that number dropped to 8,285 BTC in June of that year.
After those moves, SpaceX did not register any on-chain activity until earlier this year, when it consolidated some of its Bitcoin holdings in its first on-chain activity in more than three years.
It’s not immediately clear why the firm transferred the funds or if it has any intentions to sell some of its Bitcoin holdings. A representative for SpaceX did not immediately respond to Decrypt’s request for comment.
Another of Musk’s companies, Tesla, also maintains a strong connection to Bitcoin. The car and robotics firm currently holds 11,509 BTC, worth more than $1.27 billion, placing it just outside the top 10 publicly traded companies with Bitcoin treasuries.
Earlier this year, Tesla re-valued its holdings based on new accounting rules, leading it to book more than $600 million in quarterly profits as BTC rose following the election of President Donald Trump.
Tesla has no further recorded on-chain activity since it moved around $765 million in BTC to new wallets in October 2024.
Bitcoin is down modestly on the day, falling 0.3% to $110,541—about 12% off its all-time high of $126,080.
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