SpaceX Awakens: $153 Million Bitcoin Move Sparks Market Frenzy After Years of Dormancy

Elon Musk's aerospace giant just shook the crypto world—without saying a word.

The Sleeping Giant Stirs

After gathering dust since the last bull run, SpaceX's Bitcoin wallet suddenly sprang to life. A cool $153 million changed hands—no press release, no Musk tweet, just blockchain breadcrumbs.

Timing Is Everything

The move comes as institutional players flood back into crypto. Coincidence? Wall Street analysts are already spinning narratives faster than a Dogecoin pump-and-dump.

What They Aren't Saying

Corporate treasuries love to talk about their 'long-term conviction plays'—right before tax-loss harvesting season. But when a company moves 9% of its reported BTC holdings, someone's making a calculated bet.

One thing's certain: When the richest man on Earth's rocket company makes a nine-figure crypto move, the market pays attention. Even if it's just to rebalance some books before quarterly earnings.

TLDR

• SpaceX moved 1,308 Bitcoin worth $153 million in its first blockchain transaction in three years
• The funds were consolidated from 16 separate addresses into one SegWit address for easier management
• Move comes as Pentagon opens missile defense contracts to other providers due to concerns over SpaceX reliance
• Political tensions between Trump administration and Elon Musk led to threats of reviewing $22 billion in SpaceX contracts
• SpaceX currently holds approximately 6,977 Bitcoin valued at $815 million, making it a major corporate holder

SpaceX has transferred 1,308 Bitcoin worth approximately $153 million in its first blockchain activity since 2021. Arkham Intelligence tracked the movement from 16 separate addresses into a single SegWit-compatible address.

The consolidation involved moving bitcoin from Pay-to-Public-Key-Hash addresses to a Pay-to-Witness-Public-Key-Hash address. This type of transfer typically makes fund management easier and reduces future transaction costs.

Neither SpaceX nor Elon Musk has provided an explanation for the transfer. The timing coincides with increasing political pressure on the aerospace company and its government contracts.

The Bitcoin movement represents a strategic consolidation rather than a sale. All funds remain in SpaceX’s control at the new address as of publication time.

SpaceX first disclosed its Bitcoin holdings in July 2021 alongside Tesla’s cryptocurrency investments. The purchase was part of Musk’s strategy to diversify corporate assets and support digital currency adoption.

Government Contract Tensions Rise

The Pentagon announced plans to diversify its partners for the Golden Dome missile defense system worth $175 billion. Reuters reported that concerns over “over-reliance on SpaceX” prompted the TRUMP administration to open bids to other providers.

The Golden Dome initiative aims to build a space-based satellite network for detecting and tracking incoming threats. SpaceX had been considered the primary contractor for the project.

Political tensions escalated in June when the Trump administration threatened to review approximately $22 billion in SpaceX contracts. The dispute stemmed from disagreements between Trump and Musk on social media platform X.

Most contracts were deemed “too critical to US interests to eliminate” according to administration sources. However, the episode raised questions about SpaceX’s long-term government relationships.

Corporate Bitcoin Holdings Strategy

SpaceX currently holds an estimated 6,977 Bitcoin valued at approximately $815 million. This positions the company among the largest corporate Bitcoin holders globally.

Venture capitalist Chamath Palihapitiya revealed in 2024 that SpaceX uses stablecoins for Starlink payments in emerging markets. The company bypasses traditional banking systems by swapping payments into digital currencies.

Musk’s relationship with cryptocurrency has evolved since 2021. His early Dogecoin endorsements caused price swings before his Saturday Night Live appearance led to a 30% crash.

Tesla initially purchased $1.5 billion in Bitcoin and accepted it as payment before reversing the decision over environmental concerns. The company later sold a portion of its holdings.

After acquiring Twitter and rebranding it as X, Musk secured money transmitter licenses across the United States. Backend code revealed development of a native crypto wallet, though no public features have launched.

The recent Bitcoin consolidation by SpaceX occurs as the cryptocurrency trades NEAR all-time highs above $117,000. Political uncertainty and contract diversification efforts may have influenced the timing of the transfer.