Bitcoin News Today: SpaceX Moves $153 Million in Bitcoin Amid Market Strength

SpaceX, the aerospace company founded by Elon Musk, recently transferred 1,308 Bitcoin (BTC) worth approximately $153 million from a dormant wallet to a new address. This transaction, which occurred on July 22, marked the first activity from this wallet in three years. The transfer was confirmed by on-chain data from Arkham Intelligence, just hours after Bitcoin reclaimed the $67,000 mark.

The funds originated from a previously dormant SpaceX wallet labeled “15oKQ” and were sent to a new address, “bc1q8ka…,” also linked to the company. This move sparked immediate attention within the crypto community, as the stash had remained untouched since 2022. SpaceX, known for its advanced rockets and spacecraft, has been increasingly active in financial technology, holding crypto assets including Bitcoin, as confirmed in financial reports revealed in 2023.

During 2020-2022, SpaceX accumulated over 9,000 BTC through a series of Coinbase-linked transfers, making several purchases during the bull runs of 2020 and 2021. The BTC moved on July 22 represents just a portion of its holdings. Over the past three years, SpaceX has made key investments in areas that align with both its core mission and technological edge. These include the Starlink satellite infrastructure, expanding global internet coverage, Raptor engine manufacturing upgrades, Moon and Mars-bound spacecraft under the Starship program, and the acquisition of AI hardware and private computing clusters.

The timing of the transfer has raised questions across the crypto market. With Bitcoin gaining renewed strength in July, many large holders have started repositioning their assets. Analysts suggest the SpaceX move could point to several possibilities, including an internal wallet restructure, a potential over-the-counter (OTC) sale, or simply a custodial security upgrade. There is also speculation that it may signal a broader corporate shift in crypto strategy. Given Elon Musk’s well-known support for digital assets and the growing role of Bitcoin as a treasury reserve, SpaceX might be preparing for more direct use of BTC, perhaps for settling infrastructure payments, including funding fuel logistics or even enabling smart contracts across its Starlink satellite network.

The movement of $153 million in Bitcoin from a prominent corporate wallet sends a bullish signal, reaffirming BTC’s role as a long-term store of value and a treasury asset for tech-forward enterprises. Market watchers noted no sell-off followed the transaction, calming fears of liquidation. More importantly, SpaceX’s quiet re-engagement with BTC suggests that the corporate crypto cycle may be restarting. If large tech firms resume activity, the broader digital asset space could see a new wave of institutional inflows.