Bitcoin News Today: SpaceX Transfers 1,308 BTC ($153M) After 3-Year On-Chain Dormancy

SpaceX executed its first on-chain Bitcoin transaction in over three years, transferring 1,308 BTC—worth approximately $153 million—to a new wallet address. The movement, verified by blockchain analytics platforms such as Arkham Intelligence, consolidated funds from 16 separate Pay-to-Public-Key-Hash (P2PKH) addresses into a single SegWit-compatible Pay-to-Witness-Public-Key-Hash (P2WPKH) address. This shift, occurring between July 2 and July 22, 2025, marks a significant resumption of corporate-level cryptocurrency activity after a prolonged period of dormancy since 2022 [1][3][5].

Blockchain data indicates the transaction aligns with strategic efforts to streamline fund management and reduce future transaction costs. Arkham Intelligence noted that consolidating holdings into a single address is a common practice among institutional investors seeking operational efficiency [1]. The move also coincides with heightened scrutiny of SpaceX’s government contracts. The U.S. Department of Defense has recently signaled its intent to diversify suppliers for its Golden Dome missile defense system, reflecting concerns over overreliance on SpaceX. This follows reports that the Trump administration had previously considered reviewing or canceling up to $22 billion in contracts with the company due to public tensions between Elon Musk and the president [1][5].

Musk’s involvement with cryptocurrency has long been marked by volatility. In 2021, his endorsement of Dogecoin spurred a price surge followed by a sharp decline. Tesla, under his leadership, had acquired $1.5 billion in Bitcoin and briefly accepted it as payment before reversing the policy over environmental concerns. Meanwhile, SpaceX’s Starlink service has quietly utilized stablecoins to collect payments in developing markets, bypassing traditional banking systems [3][7]. The recent Bitcoin transfer, combined with SpaceX’s reported holdings of approximately 6,977 BTC ($815 million), positions the company as one of the largest institutional owners of the asset [3].

Analysts suggest the transaction may reflect broader institutional adoption of Bitcoin as a store of value and hedging mechanism against fiat currency risks. The timing—amid a period of market volatility—further fuels speculation about SpaceX’s intent to leverage cryptocurrency for cross-border transactions or treasury diversification. However, the company has not publicly commented on the rationale behind the move, leaving interpretations to market observers. While some view the action as a signal of continued crypto engagement under Musk’s vision, others caution it could simply be a routine operational adjustment [5][8].

The on-chain activity highlights the growing integration of blockchain technology in corporate finance. With institutions increasingly adopting transparent, auditable systems for asset management, such transactions may become more prevalent. SpaceX’s reentry into on-chain Bitcoin activity, even if brief, underscores the evolving landscape where space technology and digital assets intersect [4][6].

Source:

[1] [Spacex Moves $153M BTC After Three-Year Silence](https://cointelegraph.com/news/spacex-moves-153m-bitcoin-three-year-silence)

[2] [SpaceX Moves $153 Million In Bitcoin After Years Of Silence](https://bitcoinist.com/spacex-moves-153-million-in-bitcoin/)

[3] [SpaceX Moves 1308 Bitcoin After Long Silence](https://coinpaper.com/10115/space-x-moves-1-308-bitcoin-after-long-silence)

[4] [Why SpaceX Just Moved $153 Million in Bitcoin After Years](https://coincentral.com/why-spacex-just-moved-153-million-in-bitcoin-after-years-of-inactivity/)

[5] [SpaceX Moves 1308 Bitcoin After Three Years Of Silence](https://blockchainreporter.net/spacex-moves-1308-bitcoin-after-three-years-of-silence/)

[6] [SpaceX moved 1308 BTC after three years inactivity](https://www.mitrade.com/au/insights/news/live-news/article-3-976761-20250722)

[7] [SpaceX Transfers 1308 BTC 153M After 3-Year Dormancy](https://www.ainvest.com/news/bitcoin-news-today-spacex-transfers-1-308-btc-153m-3-year-dormancy-sparks-crypto-strategy-debates-2507/)

[8] [After 3 Years of Silence, SpaceX Moves $153M in $BTC](https://www.binance.com/en/square/post/27279160856802)