Elon Musk’s SpaceX has quietly moved another large batch of Bitcoin, transferring roughly $133.7 million worth of the asset on Friday, data from Arkham Intelligence shows.
It’s the company’s second significant transaction this week, following a $268.5 million transfer on Tuesday.
These back-to-back moves mark the firm’s most active Bitcoin handling since July and suggest an internal reorganization rather than any market-driven sale. Analysts tracking blockchain activity believe SpaceX is consolidating its crypto holdings, moving coins from older wallets into newer, more secure addresses.
According to Arkham, SpaceX still controls around 6,970 BTC, currently valued near $770 million. Bitcoin was trading at about $110,493 early Friday afternoon, as of time of transfer.
The company drastically cut its Bitcoin position in mid-2022 – trimming roughly 70% of its stash amid the chaos that followed the Terra-Luna collapse and FTX’s downfall. Since then, SpaceX has not added to its holdings, according to Arkham’s blockchain analysis.
Tesla, another Musk-led company, followed a similar path during the same period. The electric carmaker liquidated most of its Bitcoin in 2022 and now holds just over 11,500 BTC, worth approximately $1.24 billion at current prices.
Despite the moves, neither company has made public comments about their current crypto strategies, and the transfers appear to be more about housekeeping than market speculation.
