The moves continue. SpaceXthe aerospace company ofElon Muskcontinues to intrigue the cryptosphere. Indeed, according to data from Arkham Intelligence, the company has once again transferred millions of dollars in Bitcoin. This, while just a few days ago, SpaceX had already moved $270 million worth of BTC. These major maneuvers remain, for the moment, without explanation.
The key points of this article:
SpaceX recently moved millions of dollars into Bitcoin, continuing to captivate the cryptosphere with these unexplained moves.
Despite these repeated transfers, Elon Musk's company still holds a substantial reserve of Bitcoin, leaving its future intentions shrouded in mystery.
Are SpaceX’s BTC movements hiding a secret strategy?
According to on-chain transaction tracking data provided by Arkham Intelligence (see below), the aerospace company SpaceX moved again 281 bitcoins this Thursday, October 30, 2025. The latter were therefore released from the custody of Coinbase Prime (Coinbase's institutional service) to a new wallet (or at least to a new, previously unknown address). But this transfer of $31 million in BTC is not isolated. Indeed, in recent weeks, SpaceX has carried out several transfers of his bitcoins. Elon Musk's company still owns 7 258 bitcoins according to data from Arkham Intelligence. Or close to $785 million at the current price of the king of cryptos. This, knowing that the BTC transferred may not have been sold, but just stored elsewhere.
SpaceX transfers 281 BTC again. – Source: intel.arkm.com
Elon Musk and Bitcoin: a tumultuous love story
The fanciful billionaire behind SpaceX is not his first success with Bitcoin. In 2021, his other business Tesla had announced accept Bitcoin as payment for its electric vehicles. Before backtracking citing environmental concerns over Bitcoin mining – concerns that have since been resolved. Elon Musk also continued to play a influential role in the cryptocurrency market, more or less involuntarily, notably with his tweets on Dogecoin (DOGE), the memecoin with the smiling Shiba dog logo. But this latest move from SpaceX raises questions. Does the company plan to use these BTC funds by selling them to finance space projects? Or is Elon Musk preparing a surprise announcement that could shake the market, like a strategic reserve of Bitcoin ? One thing is certain: every movement of Tesla's bitcoins and SpaceX is closely scrutinized by crypto investors around the world. While the mystery hangs over Elon Musk's intentions, the market will remain in suspense for the moment. Simple reorganization or a more strategic operation ? Only the future will tell us.