As Bitcoin trades near record highs, SpaceX has moved over 1,300 BTC in a rare on-chain transaction, signaling renewed crypto activity from Elon Musk’s aerospace firm after a three-year break.
Today, Elon Musk’s SpaceX transferred a batch of 1,308 BTC tokens worth approximately $153 million to an unidentified wallet. This marks the aerospace giant’s first major on-chain transaction in over three years.
Transaction Details and Current Holdings
Data from blockchain intelligence firm Arkham shows the transaction occurred at 05:09:07 UTC on July 22, 2025. Despite the sizable transfer, SpaceX still holds 6,977 BTC, currently worth about $818 million, maintaining its position as a major corporate Bitcoin holder.
The last known crypto outflow from SpaceX occurred on June 10, 2022. On that day, the company transferred 3,505 BTC, then valued at approximately $102 million, to Coinbase. Since then, the company has remained silent on the blockchain until today’s unexpected transaction.
This latest activity comes at a critical moment for Bitcoin, which is trading at $117,574, just 4.55% below its all-time high of $123,091, set on July 14. The bullish momentum in the market may have influenced the timing of the transfer.
Elon Musk’s Growing Crypto Influence Amid Bitcoin Bull Run
Earlier this month, Elon Musk unveiled a new political platform called “The American Party.” He says the party will support Bitcoin as part of its economic vision. While Musk offered few specifics, he dismissed fiat currency as “hopeless,” reaffirming his commitment to decentralized finance.
Musk’s crypto influence extends beyond policy talk. Together, Tesla and SpaceX control a combined 18,486 BTC, worth an estimated $2.17 billion. Tesla accounts for 11,509 BTC, while SpaceX retains 6,977 BTC following the transfer.
The billionaire entrepreneur has previously confirmed personal investments in Bitcoin, Ethereum, and Dogecoin. He is also known for frequently endorsing Dogecoin on his social media platform, X. His advocacy has even resulted in legal challenges. Nevertheless, it continues to energize the crypto space.
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