{"id":10742,"date":"2025-07-23T14:00:27","date_gmt":"2025-07-23T14:00:27","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/elon-musks-spacex-moves-bitcoin-holdings-for-the-first-time-in-3-years-heres-where-it-went\/"},"modified":"2025-07-23T14:00:27","modified_gmt":"2025-07-23T14:00:27","slug":"elon-musks-spacex-moves-bitcoin-holdings-for-the-first-time-in-3-years-heres-where-it-went","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/elon-musks-spacex-moves-bitcoin-holdings-for-the-first-time-in-3-years-heres-where-it-went\/","title":{"rendered":"Elon Musk\u2019s SpaceX Moves Bitcoin Holdings For The First Time In 3 Years, Here\u2019s Where It Went"},"content":{"rendered":"

Elon Musk\u2019s SpaceX has raised eyebrows in the crypto community, following the transfer of its Bitcoin holdings for the first time in three years. This has raised concerns about the possibility of the company looking to offload its coins.\u00a0<\/p>\n

Elon Musk\u2019s SpaceX Transfers Bitcoin Holdings To A Fresh Address<\/h2>\n

In an X post<\/a>, onchain analytics platform Arkham Intelligence<\/a> revealed that Elon Musk\u2019s SpaceX just moved Bitcoin for the first time in three years. The company sent 1,300 BTC ($153 million) to a fresh address this morning. Arkham then questioned whether this transfer was simply a move to cycle custody wallets or a plan to sell.\u00a0<\/p>\n

SpaceX transferred the funds to an unknown wallet (bc1q8\u2026.phartf), which suggests that this move is just for custody purposes rather than to sell them. Notably, the last time Elon Musk\u2019s company moved some of its Bitcoin holdings was to Coinbase<\/a>, three years ago, which was more of an indication to sell than this recent transfer.\u00a0<\/p>\n

There is a possibility that Elon Musk\u2019s SpaceX would have likely moved this $153 million to Coinbase again, rather than to a new address, if it intended to offload these coins. Arkham data<\/a> shows that the coins in the fresh address remain untouched following the transfer. Meanwhile, it is worth noting that the company still holds 6,977 BTC ($827.41 million) in its recognized wallets.<\/p>\n

SpaceX first disclosed its Bitcoin holdings in 2021. This was around the same time that Elon Musk\u2019s Tesla<\/a> also announced it had purchased Bitcoin and was exploring the possibility of accepting BTC as a payment option. Arkham data<\/a> shows that Tesla 11,509 BTC, worth around $1.37 billion.\u00a0<\/p>\n

Tesla hasn\u2019t moved any of its coins in the last nine months. Meanwhile, the company also ranks as the 10th largest public Bitcoin treasury, according to BitcoinTreasuries\u2019 data<\/a>.\u00a0<\/p>\n

Musk\u2019s Belief In Bitcoin Is Growing<\/h2>\n

Elon Musk\u2019s belief in Bitcoin\u2019s potential as a hedge looks to be growing, which again makes it unlikely that SpaceX is looking to offload its coins with its recent transfer. Earlier this month, the world\u2019s richest man confirmed<\/a> that his America Party will embrace Bitcoin as \u201cfiat is hopeless.\u201d He made this comment amid the passing of the Big Beautiful Bill, which increases government spending and is bullish for BTC since it has a limited supply compared to the dollar.\u00a0<\/p>\n

Elon Musk had also allegedly liked a comment<\/a> made by a crypto community member about the world\u2019s richest man possibly stacking Bitcoin, given the government’s impending money printing. This suggests that Musk may indeed be looking to invest heavily in Bitcoin. BTC maximalist Max Keiser also opined<\/a> that Musk would soon be a maximalist himself.\u00a0<\/p>\n

At the time of writing, the Bitcoin price is trading at around $18,600, up in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s SpaceX has raised eyebrows in the crypto community, following the transfer of its Bitcoin holdings for the first time in three years. This has raised concerns about the possibility of the company looking to offload its coins.\u00a0 Elon Musk\u2019s SpaceX Transfers Bitcoin Holdings To A Fresh Address In an X post, onchain analytics…<\/p>\n","protected":false},"author":1,"featured_media":10743,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[2567,10,9,48,12,88,89,49,13,442,1901,411,3680,1910],"class_list":["post-10742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-arkham","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-coinbase","tag-coinmarketcap","tag-elon-musk","tag-max-keiser","tag-spacex"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/10742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=10742"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/10742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/10743"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=10742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=10742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=10742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}