After sitting idle for more than three years, a wallet believed to be tied to SpaceX has suddenly moved $152 million worth of Bitcoin, according to blockchain tracking platforms. This rare movement is fueling speculation that Elon Musk may be preparing to sell—or at least reshuffle—SpaceX’s crypto holdings.
The transaction, which occurred late Monday night, involved transferring approximately 2,100 BTC from a long-dormant wallet to a new address with mixed routing—suggesting privacy-conscious behavior or preparation for liquidity.
This is the first known BTC movement from the wallet since reports in 2021 revealed that SpaceX had added Bitcoin to its balance sheet, alongside Tesla. While Tesla’s crypto moves have made headlines repeatedly, SpaceX has kept its holdings extremely quiet—until now.
With Bitcoin hovering around $72,000, the moved BTC now sits at a significant unrealized gain, prompting speculation that the company might be looking to lock in profits, rebalance its assets, or shift to a new custodial setup.
Is Elon Musk About to Dump Bitcoin?
Elon Musk has a long, complicated relationship with cryptocurrency. From tweeting Dogecoin memes to temporarily halting Bitcoin payments at Tesla over environmental concerns, his moves in the space have often caused massive price swings.
So when SpaceX quietly moved nine-figure BTC holdings, the crypto community took notice.
Some experts believe the move is routine—possibly for custodial restructuring or enhancing security measures. Others think it might be a signal that SpaceX could be preparing to offload some or all of its Bitcoin holdings, especially as market prices hover near all-time highs.
So far, there has been no official statement from SpaceX or Elon Musk regarding the transfer. However, traders and analysts are watching closely. A major sell-off from a Musk-linked company could trigger a short-term correction in Bitcoin prices, while confirmation of continued holding—or even buying—could reinforce confidence in BTC as a long-term institutional asset.
Blockchain analytics firms like Arkham and Lookonchain flagged the movement within minutes, sparking debates across X (formerly Twitter) and Reddit threads. Some investors fear Musk could influence market sentiment again, while others speculate SpaceX may be preparing to collateralize BTC for new funding rounds or operational expansion.
Still, nothing is confirmed—yet.
What’s clear is that whenever Elon Musk or his companies make a crypto-related move, the entire market pays attention.
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