The moves continue. Elon Musk’s aerospace company, SpaceX, is once again stirring intrigue in the cryptosphere. According to data from Arkham Intelligence, the company has once again transferred millions of dollars in Bitcoin, just days after moving $270 million worth of BTC. For now, these major maneuvers remain unexplained.
Key Points
SpaceX recently transferred millions of dollars in Bitcoin, continuing to captivate the crypto community with its mysterious on-chain activity.
Despite these repeated transactions, Elon Musk’s company still holds a substantial Bitcoin reserve, leaving the public guessing about its long-term strategy.
Are SpaceX’s Bitcoin Moves Part of a Secret Strategy?
According to on-chain transaction tracking data from Arkham Intelligence, SpaceX transferred 281 bitcoins this Thursday, October 30, 2025. These funds were moved from Coinbase Prime custody (Coinbase’s institutional service) to a new, previously unknown wallet address.
But this $31 million Bitcoin transfer is not an isolated event. In recent weeks, SpaceX has carried out multiple BTC transactions. The company still holds 7,258 bitcoins, valued at around $785 million at current market prices. It’s worth noting that these BTC may not have been sold but rather moved for storage or internal reallocation purposes.
SpaceX transfers another 281 BTC - Source: intel.arkm.com
Elon Musk and Bitcoin: A Turbulent Love Affair
The eccentric billionaire behind SpaceX is no stranger to dramatic Bitcoin moves. Back in 2021, his other company, Tesla, announced that it would accept Bitcoin as payment for its electric vehicles, only to later reverse the decision, citing environmental concerns about Bitcoin mining (issues that have since been largely addressed).
Musk has continued to wield a major; sometimes accidental; influence over the crypto markets, particularly through his tweets about Dogecoin (DOGE), the iconic meme coin featuring the smiling Shiba Inu logo.
However, this latest SpaceX Bitcoin movement raises more questions than answers. Is the company planning to liquidate some of its BTC to fund new space projects? Or is Musk preparing a surprise announcement, perhaps unveiling a strategic Bitcoin reserve or integrating BTC into one of his ventures?
Conclusion: Reorganization or Strategic Play?
One thing is certain: every Bitcoin move by Tesla or SpaceX is closely monitored by crypto investors worldwide. As long as Musk’s intentions remain unclear, the market will stay on edge. Is this just an internal reshuffling, or part of a broader strategic operation that could once again shake the crypto space?
Only time will tell.
