The Bitcoin wallet associated with Space Company SpaceX has moved more than $150 million worth of Bitcoin for the first time in more than three years, the first recorded activity since mid-2022. Recent transactions have attracted attention from the cryptocurrency circle, raising questions about company intentions with its large number of Bitcoin holdings.

according to Blockchain SpaceX’s analytics platform Arkham transfers 1,308 bitcoins (BTC) from a company-controlled wallet to a previously inactive address. Trading marks the first exit Bitcoin Since June 10, 2022, SpaceX moved 3,505 BTC to about $102 million at the time, a popular cryptocurrency exchange Coinbase.

Break: SpaceX relocates Bitcoin for the first time in 3 years and sends 1.3k BTC ($153 million) to a new address this morning. CycclingCyccling Concecling Cancloty Callets or move for sale? pic.twitter.com/bfkhkjydho

-Arkham (@arkham) July 22, 2025

SpaceX wakes up dormant bitcoin wallet and transfers $153 million

SpaceX’s Bitcoin The wallet has not been affected since mid-2022, and he performed a transfer involving 1,308 BTC to a previously inactive address. According to Arkham, the transaction represents the first outbound Bitcoin relocation since June 10, 2022, when SpaceX moved 3,505 BTC worth about $102 million to transfer the coins to Coinbase.

The reason for the recent transfer is unclear. It may represent sales, internal reallocation of treasury assets or some other financial strategy. Neither SpaceX nor its CEO Elon Musk commented on the deal.

Related: Wall Street’s Big Tech Income: Tesla’s Highlights Busy Week

The current recipient wallet is still unknown and no subsequent activity is displayed after the transfer. This has led analysts to think about the nature of the shift – whether it indicates the sale of Bitcoin assets, internal fiscal restructuring or other strategic manipulations within SpaceX.

SpaceX maintains a large number of crypto shares

SpaceX still has 6,977 BTC, worth about $815 million based on current prices, according to Arkham. This makes SpaceX one of the largest company holders of Bitcoin, lagging behind Microstrategy and Tesla, which is also a major player in the company’s Bitcoin market.

The reason for the recent transfer is unclear. It may represent sales, internal reallocation of treasury assets or some other financial strategy. Neither SpaceX nor its CEO Elon Musk commented on the deal.

The sudden activation after the three-year suspension may indicate a strategic hub or restructuring in how SpaceX manages its crypto assets. Given Elon Musk’s high popularity in technology and crypto spaces, this Bitcoin movement may be further reviewed and analyzed.

Before Tesla’s revenue

Wedbush reiterated its outperforming rating and set a $500 price target for Tesla (NASDAQ:TSLA) ahead of Wednesday’s company earnings report. According to InvestingPro data, the target indicates that Tesla’s current share price is $328.49. Despite the trading of valuation multiples, Tesla’s momentum is unstoppable, returning 30.6% over the past year.

Wedbush also focuses on Tesla’s AI
Efforts as key areas of interest to investors. These include an expected shareholder vote on potential investments in Musk Xai Venture later this year, and the ongoing development of Tesla’s Optimus Robotics program.

This article was written by Jared Kirui on www.financemagnates.com. (tagstotranslate)SpaceX



Source link