SpaceX just made a big crypto move. According to Arkham Intelligence, the space exploration giant transferred 1,308 BTC — worth about $153 million — earlier this week.

This marks SpaceX’s first Bitcoin transfer in three years, instantly setting off speculation: Is this just an internal wallet shuffle, or could Musk be preparing for a sale?

🔑 Key Points & Analysis

1. The Numbers That Matter

1,308 BTC ($153M) moved to a fresh wallet.

SpaceX still holds 6,977 BTC after this transfer.

For comparison: Tesla holds 11,500 BTC, per BitcoinTreasuries.

👉 Takeaway: Musk now commands two massive corporate Bitcoin treasuries across his companies.

2. Musk’s Stance on Money

Musk recently called fiat currencies “hopeless.”

He’s doubled down on Bitcoin support — not just with Tesla and SpaceX, but also through his new “America Party,” which he says would accept Bitcoin for political funding.

👉 Takeaway: This isn’t a casual experiment. Musk is aligning both his companies and politics with Bitcoin’s future.

3. Tesla & Market Context

Tesla stock had a brutal Q1, down 36%, while Musk was serving as an advisor to President Trump.

Since leaving that role in May, Tesla stock has been recovering — and Musk is pivoting back to Bitcoin and innovation narratives.

👉 Takeaway: Musk seems to be using Bitcoin as a hedge and brand strategy, linking it to both corporate recovery and political influence.

4. The Bigger Picture: Bitcoin’s All-Time High

Bitcoin recently hit $123,000 (14 July) before easing to $119,062.

With such high valuations, moving $153M BTC isn’t just a footnote — it’s a statement of confidence (or potential profit-taking).

👉 Takeaway: Whether this move is internal housekeeping or a sell-off, the timing aligns with Bitcoin’s historic highs — meaning Musk is keeping his options open.

⚡ Final Word

Elon Musk and SpaceX shifting $153M in Bitcoin is more than just a blockchain transaction — it’s a signal. With SpaceX still holding nearly $1B in BTC and Musk pushing Bitcoin-friendly politics, the billionaire appears to be cementing Bitcoin into his empire’s DNA.

The big question: Is SpaceX positioning itself for a future sale, or is this simply Musk reorganizing for long-term Bitcoin dominance?

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.