SpaceX has conducted a significant internal transfer of 1,308 Bitcoin valued at $153 million, marking the aerospace company’s first recorded Bitcoin wallet activity since 2022. The transaction signifies sophisticated BTC portfolio management by one of Elon Musk’s flagship enterprises without impacting open-market liquidity.
The internal movement highlights SpaceX’s substantial cryptocurrency holdings, which exceed $2 billion in Bitcoin acquired at an average price of $32,000 per BTC. This positioning has generated considerable unrealized gains across Elon Musk-affiliated companies, with combined profits approaching $1.5 billion through strategic accumulation during BTC’s appreciation cycles.
Analysts interpret the transfer as a restructuring move within institutional reserves, demonstrating continued corporate confidence in Bitcoin’s fundamentals despite ongoing market volatility. The absence of market selling pressure during the repositioning underscores institutional methodologies favoring long-term value retention over short-term fluctuations.