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    SpaceX Strikes 8.5M In Bitcoin In First Transfers Since July
    Bitcoin

    SpaceX Strikes $268.5M In Bitcoin In First Transfers Since July

    By Crypto EditorOctober 22, 2025No Comments4 Mins Read
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    Elon Musk’s SpaceX transferred Bitcoin price $268.5 million, its first since since July, sparking hypothesis in regards to the technique behind the transfer.

    On-chain information from Arkham Intelligence exhibits that the corporate moved a complete of two,495 BTC to 2 pockets addresses that remained unmarked. 1,298 BTC was despatched to the handle “bc1qj7enhu6…,” whereas one other 1,197 BTC was transferred to the handle “bc1qq7872pz…”

    As of 6:43 a.m. EST, the wallets had not moved or offered the BTC.

    Newest Bitcoin Transfers Seen As A Pockets Reorganization

    Whereas the rationale for the latest transfers stays unclear, some analysts consider that the transactions had been simply a part of a pockets reorganization. 

    Crypto analyst Aunt Ai (ai_9684xtpa) is among the many analysts that consider the transactions won’t be an indication that SpaceX is seeking to promote its Bitcoin. 

    SpaceX 时隔三个月再次转出价值 2.68 亿美元的 $BTC

    其中 1187 枚 BTC 已转移至地址 bc1qq…4sduw,1208 枚转移至地址 bc1qj7…6kqef,目前两个接收地址都暂未转移或卖出

    不过需要注意的是:七月时 SpaceX 的突发转账,其接收地址已被 Arkham 标记为 Coinbase Prime Custody… https://t.co/ZerD9mJcSB pic.twitter.com/D0L2mnLEOa

    — Ai 姨 (@ai_9684xtpa) October 21, 2025

    The analyst additionally famous that previous transactions by SpaceX had been to a custody handle on Coinbase Prime.

    Bitcoin’s value slid over 1% previously 24 hours amid a broad crypto market correction of over 2%.

    SpaceX Has Dumped Bitcoin In The Previous

    SpaceX began buying Bitcoin again in 2021, however offered round 70% of its holdings in the midst of 2022, across the identical time because the Terra Luna collapse and the FTX implosion.

    Since then, SpaceX has saved a gradual 8,285 BTC on its steadiness sheet, which is price greater than $900.6 million at present costs. 

    Musk’s electrical automobile manufacturing firm Tesla additionally holds BTC on its steadiness sheet. 

    Top 20 corporate BTC holdersSpaceX Strikes 8.5M In Bitcoin In First Transfers Since July

    Prime 20 company BTC holders (Supply: Bitcoin Treasuries)

    Based on information from Bitcoin Treasuries, Tesla holds 11,509 BTC. This ranks it because the eleventh-biggest BTC treasury agency globally. It additionally locations it one place under US crypto change Coinbase, with its 11,776 BTC, and one place above crypto mining agency Hut 8 and its 10,667 BTC.

    In the meantime, Arkham Intelligence exhibits that Tesla’s BTC holdings are price greater than $1.247 billion. In contrast to SpaceX, the electrical automobile producer’s final Bitcoin transaction was round 9 months in the past. 

    Musk Says Bitcoin Can’t Be Faked Like Fiat

    Over time, Musk has gone  out of his approach to keep away from being drawn into discussions about Bitcoin. 

    Throughout a web-based chat over a 12 months in the past, he waved away ARK Make investments’s CEO Cathie Wooden when she tried to convey up the topic. Musk additionally saved his distance from US President Donald Trump’s plans concerning crypto.

    However he not too long ago responded to a submit on X from information website Zerohedge, when it pontificated on why gold, silver and Bitcoin are at or close to report highs. 

    The cash will not be the issue: AI is the brand new international arms race, and capex will ultimately be funded by governments (US and China). If you wish to know why gold/silver/bitcoin is hovering, it is the “debasement” to fund the AI arms race.

    However you’ll be able to’t print power https://t.co/qwdD8QbVON

    — zerohedge (@zerohedge) October 14, 2025

    “If you wish to know why gold/silver/bitcoin is hovering, it’s the “debasement” to fund the AI arms race,” it stated, concluding by saying that power is extra precious than cash as a result of “you’ll be able to’t print power.” 

    “That’s the reason Bitcoin relies on power: you’ll be able to situation faux fiat foreign money, and each authorities in historical past has accomplished so, however it’s unattainable to faux power,” Musk stated.

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