Why Elon Musk’s SpaceX transferred $133M in Bitcoin - CoinJournal

Elon Musk's SpaceX Transfers $133M in Bitcoin

SpaceX, Elon Musk's space exploration company, transferred over $133 million in Bitcoin on Friday, according to Arkham Intelligence, a blockchain analytics firm.

The transaction, which involved 1,215 Bitcoin in two separate transfers to new wallets, has sparked speculation in the market. Arkham Intelligence reported:

SpaceX just moved funds totalling $133.7 million.
They transferred 300 BTC ($33M) and 915 BTC ($100M).

The reason for the transfer is unclear, and it is not known if the company plans to sell any of its substantial Bitcoin holdings.

Author's summary: SpaceX transfers $133M in Bitcoin, sparking market speculation.

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CoinJournal CoinJournal — 2025-10-25

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