SpaceX Transfers $133M in Bitcoin to New Wallets

On October 24, 2025, SpaceX moved $133 million worth of Bitcoin (1,215 BTC) to new wallet addresses, marking its second major transfer in a week.

The activity underscores SpaceX’s focus on secure asset management, given no indications of liquidation. The market observed brief dips in Bitcoin prices but with quick recoveries.

Significant Bitcoin Transfers by SpaceX

In a strategic move, SpaceX transferred 1,215 BTC worth $133 million on October 24, nearing its earlier transaction of 2,495 BTC, amounting to approximately $268 million. This has been confirmed by on-chain analysts. Notably, the transfers are suggested to involve internal consolidation rather than market liquidation.

“The transfers were not detected as flowing to known exchanges, which would signal a potential market sale,” said on-chain analysts (Lookonchain).

The involvement of Elon Musk’s leadership and SpaceX highlights the firm’s consistent approach to asset management. There has been no formal announcement on any official channels or statements from key figures at SpaceX or Musk himself regarding these movements. Blockchain analysts echoed the interpretation of the transactions as custodial adjustments.

Market Reactions

Market responses included a temporary dip in Bitcoin prices, with a decline to around $109,938, followed by a recovery to approximately $110,500. The shift has not impacted other cryptocurrencies like Ethereum or DeFi tokens, suggesting the focus was solely on Bitcoin.

The implications largely seem to align with SpaceX’s historical asset strategies, often likened to those carried out by Musk’s Tesla. These transfers do not mirror market distress signals, indicative of prudent treasury maneuvers rather than speculative actions.

Insights on Custodial Security

SpaceX’s recent activities in Bitcoin illustrate ongoing trends within the industry toward enhancing custodial security. Such moves contribute to a stable position amidst fluctuating markets, aligning with historical precedents of strategic asset management without triggering significant external market reactions or regulatory scrutiny. Discussions in the crypto community have largely focused on these as cautious strategy shifts rather than signs of major market activity.