Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies

Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies

Bitget-RWA2025/10/24 23:48
By:Bitget-RWA

- SpaceX transferred 2,495 BTC ($268.5M) to unmarked wallets, its first major Bitcoin movement since 2022, per Arkham Intelligence. - Analysts suggest the transfer reflects internal wallet reorganization rather than sales, citing past Coinbase Prime interactions and dormant receiving addresses. - SpaceX's holdings dropped 70% post-2022 crypto crashes, now holding 5,790 BTC ($626.4M), contrasting Tesla's 11,509 BTC ($1.24B) long-term strategy. - The move highlights corporate Bitcoin maturation, with institu

Elon Musk's SpaceX has moved about $268.5 million in

to two unidentified wallet addresses, representing its first major Bitcoin transaction since July 2025, according to blockchain analytics provider Intelligence, as detailed in a . The transaction involved 2,495 BTC, which is valued at approximately $268.5 million at current rates. This marks the first notable change in SpaceX's Bitcoin reserves since June 2022, when the company maintained a steady holding of around 8,285 BTC, as highlighted in a .

Bitcoin Updates: SpaceX Moves Bitcoin—Companies Turn to Crypto for Reserve Strategies image 0

This transaction has led to speculation regarding SpaceX's approach to managing its treasury. Although the company has not issued an official statement about the move, crypto analyst Aunt Ai (ai_9684xtpa) proposed on X that it may be an internal wallet restructuring. The analyst also pointed out in a previous instance that similar transfers by SpaceX were later linked to custody wallets on Coinbase Prime, as mentioned in a

. The recipient wallets, which are still untagged on blockchain explorers, have not transferred the Bitcoin since receiving it, lending further support to the theory of internal reorganization rather than a sale, as discussed in a .

SpaceX's Bitcoin portfolio has experienced notable changes over the past few years. In 2022, the company reportedly cut its holdings by about 70%, likely in response to market instability following the Terra-Luna and FTX collapses. Arkham's data indicates that SpaceX has not increased its Bitcoin holdings since then, as reported by The Block. Currently, the company possesses around 5,790 BTC, worth $626.4 million, down from its previous peak of 8,285 BTC, according to a

.

This recent transfer is consistent with broader patterns in how corporations manage Bitcoin. SpaceX, much like Musk's other company Tesla, has taken a long-term approach to the cryptocurrency. Tesla now owns 11,509 BTC, valued at $1.24 billion, according to Arkham and as reported by The Block. Experts believe that more companies are treating Bitcoin as a strategic reserve, balancing risk with potential gains. A

notes that the absence of immediate sales after SpaceX's transfer suggests the company is focused on optimizing custody and security, rather than engaging in market speculation.

This move also underscores the increasing role of large institutions in the Bitcoin ecosystem. Decisions by major corporations regarding their reserves can influence investor attitudes, even if no direct sales take place. Despite SpaceX's recent transfer, Bitcoin's price has stayed relatively steady, trading near $107,700 as of October 21, 2025, according to FinanceFeeds. Still, analysts warn that significant moves by companies like SpaceX could heighten market volatility if perceived as signals of broader selling, a concern also mentioned by Crypto.news.

SpaceX's approach demonstrates a prudent stance toward digital assets. Previous transfers, such as a $153 million move in July 2025, followed similar patterns of inactivity and strategic adjustment, as reported by Cryptopolitan. This pattern indicates a thoughtful strategy to manage Bitcoin reserves in line with larger financial objectives, rather than reacting to short-term market swings.

As the cryptocurrency sector matures, SpaceX's handling of its Bitcoin assets highlights the evolution of corporate involvement. By focusing on security, proper custody, and long-term asset preservation, the company is setting an example for how major businesses can incorporate digital currencies into their financial strategies. Both investors and analysts are likely to keep a close eye on future developments, as even small changes in SpaceX's Bitcoin holdings can have significant effects on the market, a trend previously noted by Zycrypto.

---

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cardano Latest Updates:

- BullZilla ($BZIL) emerges as top presale with 100x return potential via 24-stage burn mechanism and $0.00527 listing price projection. - Cardano (ADA) signals 60% price surge with golden cross pattern, while Monero (XMR) dominates privacy sector at $306.74 amid heightened surveillance. - Institutional interest shifts toward utility-deflationary projects like BullZilla and MoonBull ($MOBU), which mirrors BZIL's model with 9,256% ROI potential. - November 2025 marks critical inflection point as $19B Octobe

Bitget-RWA2025/10/25 12:48
Cardano Latest Updates:

Ferrari’s Approach to Tokens: Blending Racing Heritage and Cryptocurrency to Strengthen Hyperclub Member Loyalty

- Ferrari launches Token 499P, a blockchain asset granting Hyperclub members exclusive auction access to racing cars. - The token, limited to 100 units, enables peer-to-peer trading and aligns with luxury brands' crypto adoption trends. - Partnering with Conio under EU MiCA regulations, Ferrari aims to deepen loyalty while capitalizing on $3.3T crypto market growth. - Analysts predict $10B in tokenized luxury assets by 2030, positioning Ferrari as a pioneer in merging motorsport heritage with digital innov

Bitget-RWA2025/10/25 12:32
Ferrari’s Approach to Tokens: Blending Racing Heritage and Cryptocurrency to Strengthen Hyperclub Member Loyalty

Ethereum Update: Major Investors Anticipate Recovery as $3,800 Level Remains Intact

- Ethereum (ETH) shows rebound potential near $3,800 support, with ETF inflows reversing recent outflows and institutional demand rising. - Technical analysis highlights $3,800 as critical support and $4,000 as a key breakout threshold for a $4,200 recovery target. - Institutional confidence grows via BlackRock's $110M ETF purchase and whale accumulation, while Fed rate cuts and the Fusaka upgrade add macro support. - Market fear (Fear & Greed Index at 32) and tightening ETH supply from staking reinforce b

Bitget-RWA2025/10/25 12:12
Ethereum Update: Major Investors Anticipate Recovery as $3,800 Level Remains Intact

Blockchain Connects with Traditional Finance as Australia Issues Its Inaugural Tokenized Government Bonds

- Australia completes first tokenized sovereign bond via blockchain partnership, enhancing liquidity and transparency in government debt markets. - Tether plans $15B-profit USAT stablecoin launch in December 2025, compliant with U.S. GENIUS Act and backed by Anchorage Digital. - Tether's $183B stablecoin dominance drives $20B funding talks, valuing firm at $500B amid expanding U.S. market partnerships. - U.S. regulatory shifts and blockchain adoption blur traditional-digital finance lines, redefining infra

Bitget-RWA2025/10/25 11:56