SpaceX's $150M Bitcoin Shuffle: Internal Move or Sign of Deeper Bullishness?

Under Elon Musk's direction, SpaceX conducted a major Bitcoin transaction on July 22, 2025, transferring about 1,308 BTC worth between $150–153 million. Over three years, this was the first significant on-chain Bitcoin activity for the business. Notably, this looks to be an internal transfer from a SpaceX-controlled wallet to a fresh address, therefore showing no change in SpaceX's net Bitcoin holdings rather than a liquidation or sale. Post-transfer, SpaceX has a considerable stake of around 6,977 BTC, currently valued at more than $810 million. For context, Tesla, another of Musk's initiatives, has around 11,509 BTC on its books.

This deal took place when Bitcoin was trading above $118,000, not long after hitting an all-time high of almost $122,800. Although attracting market speculation, the transfer did not cause an instant sell-off or a major change in price trends. Though the precise cause is still unknown, experts guess it's possibly a move to improve security measures or internally reorganize wallets rather than prepare for an asset sale. This supports the larger picture of Elon Musk's businesses, SpaceX and Tesla, whose Bitcoin holdings are stated to have been acquired at an average price of around $32,000 per BTC, suggesting a significant unrealized profit of almost $1. 5 billion and stressing a long-term conviction in the digital asset.

Given the present market environment—institutional interest in Bitcoin is at an all-time high and pro-crypto sentiment is growingly dominant in financial markets and legislative debates—the timing of this major Bitcoin move by SpaceX is especially interesting. This SpaceX move highlights the ongoing strong corporate interest in cryptocurrency and supports Musk's consistent upbeat view on Bitcoin as a Treasury asset.