SpaceX monitors Bitcoin movements: $134 million in new wallets!

SpaceX monitors Bitcoin movements: $134 million in new wallets!

SpaceX transferred nearly $134 million worth of Bitcoin to new wallets on October 24, 2025. These transfers include 300 BTC valued at $33 million and 915 BTC valued at $100.7 million. This is SpaceX's second Bitcoin transfer within the same week.

SpaceX had previously transferred 2,395 BTC worth over $268 million to two addresses, specifically 1,187 BTC and 1,208 BTC. These latest transfers end a three-month period of no Bitcoin movements and have drawn analysts' suspicions that they could signal a restructuring of wallets.

Details of the transactions

Some of the Bitcoins were transferred to Coinbase Prime, possibly indicating custody or other operational purposes. SpaceX currently holds around 6,970 BTC, which together are worth around $770 million. In comparison, Tesla, another company under Elon Musk's umbrella, owns about 11,509 BTC, worth about $1.24 billion. Interestingly, Tesla had sold most of its Bitcoin holdings in 2022.

In the ranking of the largest Bitcoin holders among public companies, Tesla takes 11th place. The list is topped by Strategy with 640,418 BTC, followed by Marathon Digital Holdings with 53,250 BTC, XXI with 43,514 BTC and Metaplanet with 30,823 BTC.

The current developments raise questions about how SpaceX and Tesla will shape their Bitcoin strategies in the future, especially in light of recent market movements. While the cryptocurrency market remains volatile, SpaceX's action could be interpreted as an indicator of impending market developments.

Crypto News reports, that these moves represent a significant turn in the history of both companies and may influence the growth strategy in the digital currency space. Exciting times lie ahead as companies like SpaceX and Tesla continue to play a pivotal role in the Bitcoin market.