Elon Musk's SpaceX makes a shocking move originally appeared on TheStreet .
SpaceX, the private space exploration company owned by Elon Musk, has successfully transferred 1,308 Bitcoin — worth roughly $152.91 million — to an external wallet for the first time in more than three years, according to blockchain analytics company Arkham Intelligence .
The transfer occurred on July 21 and signals a monumental change in SpaceX's crypto strategy, as the company has only moved its Bitcoin once before, transferring 3,505 Bitcoin to Coinbase in 2021, which were worth $36.88 million at the time.
As of July 22, SpaceX alone holds $828.64 million worth of Bitcoin at the current price of around $118,000.
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This most recent transaction highlights that the amount of Bitcoin on corporate balance sheets is on the rise. Specifically, Tesla and SpaceX together hold a total of 19,794 Bitcoins , which is worth more than $2 billion at current prices, based on on-chain wallet attribution and transfer data.
According to a recent study conducted by ApeX Protocol , Elon Musk remains the most powerful political figure in crypto space. With approximately $2 billion in personal crypto holdings, an estimated net worth of $423.9 billion, and more than 228 million social media followers on X, Musk's ventures in crypto continue to influence market sentiment.
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On October 2024, Tesla moved $765 million worth of Bitcoin. According to analysts , the Bitcoins were sent to seven new wallets as part of a wallet rotation strategy and were not intended for sale. The transfer also suggested a possible change in custody or preparation to secure a loan against the assets.
Although not officially confirmed, considering previous movements, SpaceX may also be adopting a similar strategy to Tesla.
Regardless, the market will now closely observe every move SpaceX makes.
Elon Musk's SpaceX makes a shocking move first appeared on TheStreet on Jul 22, 2025
This story was originally reported by TheStreet on Jul 22, 2025, where it first appeared.
