#ElonMusk 's SpaceX Moves Bitcoin After 3 Years: A Sell-Off on the Horizon? ๐๐ฐ
For the first time in 3 years, SpaceX has moved a chunk of its Bitcoin holdings, raising speculation about a potential market impact. ๐ช
The Move:
On July 27, 2025, Arkham reported that a SpaceX wallet transferred 1,300 BTC (over $153 million) to a new address. This is the first move from this wallet since June 2022. Typically, such actions suggest either a wallet adjustment or the possibility of a sell-off. ๐จ
SpaceX's Bitcoin Holdings:
Despite the transfer, the wallet still holds 7,000 BTC (~$830 million). The transferred BTC has yet to move from the new address, leaving many uncertain about its future plans. ๐ค
Why the Move?
Reports indicate SpaceX is looking to raise $1 billion to boost its valuation to $400 billion. This move comes at a critical time, as SpaceXโs government contracts are facing Trump administration scrutiny. ๐๐ผ
SpaceX & Bitcoin:
In July 2021, Elon Musk revealed that SpaceX added Bitcoin to its balance sheet, likely purchasing 26,000 BTC for $860 million. Reports later indicated the company sold some holdings, leaving around 8,000 BTC by 2023.
Teslaโs Parallel Moves:
Like SpaceX, Tesla also bought Bitcoin but has since reduced its holdings. Despite selling, Musk has reiterated that he wonโt sell his Bitcoin and Ethereum. ๐ ๐
Whatโs Next?
With SpaceX's Bitcoin movements in the spotlight, could Musk be preparing for a larger shift in strategy? Time will tell. ๐ฎ
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