SpaceX transferred 1,308 Bitcoin valued at approximately $153 million into a single SegWit-compatible wallet, marking its first significant cryptocurrency transaction since June 2022. The consolidation occurs amid heightened corporate and political scrutiny involving ongoing government reviews and public conflicts associated with CEO Elon Musk.
The aerospace company now holds an estimated 8,285 BTC worth $989 million, while Musk-led Tesla maintains $1.37 billion in Bitcoin assets. This wallet transfer coincided with Bitcoin’s 21% price surge over the past month, trading near $119,800 at the time. Although immediate cryptocurrency divestment appears unlikely, market analysts advise monitoring SpaceX’s strategic financial decisions closely amid evolving corporate pressures.