Key Takeaways
- SpaceX transferred $153 million in bitcoin after three years of inactivity.
- The transfer comes because the Pentagon opens satellite tv for pc contracts to extra suppliers amid political tensions.
- SpaceX is estimated to carry almost 7,000 BTC, rating among the many prime company holders.
SpaceX has consolidated 1,308 bitcoin—valued at roughly $153 million—right into a single tackle, marking its first onchain bitcoin exercise in three years.
The switch, flagged by Arkham Intelligence, moved funds from 16 Pay-to-Public-Key-Hash (P2PKH) addresses to at least one SegWit-compatible tackle (P2WPKH), doubtlessly streamlining administration and lowering future spending prices.
Strategic fund motion
The aim behind the switch stays unconfirmed, however the nature of the transfer suggests it was a deliberate, strategic resolution reasonably than a reactionary one.
SpaceX, based by Elon Musk, initially disclosed its bitcoin holdings in July 2021 as a part of a broader diversification technique.
As of July 2025, SpaceX is estimated to carry about 6,977 BTC, quietly putting it among the many largest company holders of bitcoin.
contract uncertainty and political strain
The timing of the switch coincides with elevated political rigidity.
In June 2025, the Trump administration reportedly thought-about reviewing or canceling $22 billion in SpaceX contracts following public disputes between Donald Trump and Elon Musk.
Whereas most contracts had been deemed “too crucial to US pursuits to remove,” the White Home’s assessment heightened scrutiny of SpaceX’s authorities ties.
On July 22, the Pentagon additional diversified its Golden Dome missile protection system contracts, opening bids to suppliers past SpaceX to keep away from over-reliance on a single firm.
musk, funds, and stablecoin rails
Elon Musk’s involvement with bitcoin and digital belongings has been complicated.
Tesla’s high-profile $1.5 billion bitcoin acquisition and short-lived acceptance of bitcoin for funds in 2021 drew widespread consideration.
After buying Twitter (now X), Musk started creating a broader monetary platform, together with cash transmitter licenses and backend code hinting at a local pockets, although no bitcoin cost options have been launched publicly.
Enterprise capitalist Chamath Palihapitiya lately famous that SpaceX makes use of stablecoins to gather Starlink funds in rising markets, preferring digital rails over conventional wire transfers.
Neither SpaceX nor Musk has commented publicly on the latest bitcoin switch.