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Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies

Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies

Bitget-RWA2025/10/24 23:48
By: Bitget-RWA
- SpaceX transferred 2,495 BTC ($268.5M) to unmarked wallets, its first major Bitcoin movement since 2022, per Arkham Intelligence. - Analysts suggest the transfer reflects internal wallet reorganization rather than sales, citing past Coinbase Prime interactions and dormant receiving addresses. - SpaceX's holdings dropped 70% post-2022 crypto crashes, now holding 5,790 BTC ($626.4M), contrasting Tesla's 11,509 BTC ($1.24B) long-term strategy. - The move highlights corporate Bitcoin maturation, with institu

Elon Musk's SpaceX has moved about $268.5 million in

to two unidentified wallet addresses, representing its first major Bitcoin transaction since July 2025, according to blockchain analytics provider Intelligence, as detailed in a . The transaction involved 2,495 BTC, which is valued at approximately $268.5 million at current rates. This marks the first notable change in SpaceX's Bitcoin reserves since June 2022, when the company maintained a steady holding of around 8,285 BTC, as highlighted in a .

Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies image 0

This transaction has led to speculation regarding SpaceX's approach to managing its treasury. Although the company has not issued an official statement about the move, crypto analyst Aunt Ai (ai_9684xtpa) proposed on X that it may be an internal wallet restructuring. The analyst also pointed out in a previous instance that similar transfers by SpaceX were later linked to custody wallets on Coinbase Prime, as mentioned in a

. The recipient wallets, which are still untagged on blockchain explorers, have not transferred the Bitcoin since receiving it, lending further support to the theory of internal reorganization rather than a sale, as discussed in a .

SpaceX's Bitcoin portfolio has experienced notable changes over the past few years. In 2022, the company reportedly cut its holdings by about 70%, likely in response to market instability following the Terra-Luna and FTX collapses. Arkham's data indicates that SpaceX has not increased its Bitcoin holdings since then, as reported by The Block. Currently, the company possesses around 5,790 BTC, worth $626.4 million, down from its previous peak of 8,285 BTC, according to a

.

This recent transfer is consistent with broader patterns in how corporations manage Bitcoin. SpaceX, much like Musk's other company Tesla, has taken a long-term approach to the cryptocurrency. Tesla now owns 11,509 BTC, valued at $1.24 billion, according to Arkham and as reported by The Block. Experts believe that more companies are treating Bitcoin as a strategic reserve, balancing risk with potential gains. A

notes that the absence of immediate sales after SpaceX's transfer suggests the company is focused on optimizing custody and security, rather than engaging in market speculation.

This move also underscores the increasing role of large institutions in the Bitcoin ecosystem. Decisions by major corporations regarding their reserves can influence investor attitudes, even if no direct sales take place. Despite SpaceX's recent transfer, Bitcoin's price has stayed relatively steady, trading near $107,700 as of October 21, 2025, according to FinanceFeeds. Still, analysts warn that significant moves by companies like SpaceX could heighten market volatility if perceived as signals of broader selling, a concern also mentioned by Crypto.news.

SpaceX's approach demonstrates a prudent stance toward digital assets. Previous transfers, such as a $153 million move in July 2025, followed similar patterns of inactivity and strategic adjustment, as reported by Cryptopolitan. This pattern indicates a thoughtful strategy to manage Bitcoin reserves in line with larger financial objectives, rather than reacting to short-term market swings.

As the cryptocurrency sector matures, SpaceX's handling of its Bitcoin assets highlights the evolution of corporate involvement. By focusing on security, proper custody, and long-term asset preservation, the company is setting an example for how major businesses can incorporate digital currencies into their financial strategies. Both investors and analysts are likely to keep a close eye on future developments, as even small changes in SpaceX's Bitcoin holdings can have significant effects on the market, a trend previously noted by Zycrypto.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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