SpaceX Shocks Market With $133M Bitcoin Wallet Shuffle

SpaceX has transferred $133.7 million worth of Bitcoin across several new crypto wallets, signaling a significant repositioning of the company's cryptocurrency reserves.

These transfers originated from wallets previously associated with SpaceX and were divided among at least five new addresses, with each receiving between $20 million and $40 million worth of Bitcoin.

According to blockchain analytics firm Arkham Intelligence, these transactions occurred just three days after SpaceX reshuffled $100 million of its Bitcoin holdings.

Notably, Arkham’s data shows no Bitcoin moved to exchanges or external parties, indicating the entire sum remains under SpaceX’s control and has not been sold.

Strategic Crypto Wallet Reshuffle

This recent activity exemplifies a deliberate reorganization of SpaceX’s cryptocurrency holdings rather than liquidation.

Elon Musk's company, which has held Bitcoin as part of its corporate reserves since 2021, has never publicly disclosed the full value of its Bitcoin stockpile. Arkham estimates the current holdings exceed $1 billion.

The multiple transfers to new wallets could be part of a broader risk management or asset security strategy as SpaceX adjusts its crypto exposure.

Each wallet now controls sizable portions, suggesting an intent to distribute assets across different addresses while maintaining full control.

Blockchain experts often see such transfers as a sign of long-term commitment rather than short-term trading or selling. The fact that none of the Bitcoin was moved to exchanges reinforces this view.

This significant Bitcoin wallet reshuffling by SpaceX highlights the company's ongoing involvement and strategic behavior within the cryptocurrency market.

As Bitcoin remains a volatile asset, such careful management reflects SpaceX’s approach to safeguarding its crypto reserves while retaining flexibility.