SpaceX quietly transferred $150 million worth of bitcoin on Tuesday, marking its first known crypto transaction in over three years. The move, first flagged by blockchain analytics firm Arkham Intelligence, signals renewed activity from Elon Musk’s aerospace giant as institutional interest in bitcoin continues to gain ground globally.
According to Arkham’s data, a wallet address linked to SpaceX—identified as “15oKQ…7Jf1G”—shifted 1,308 BTC to a new address labeled “bc1q8…hartf.” This is the first on-chain transaction tied to the company since June 2022, when it was actively transferring bitcoin to Coinbase in several large batches. At that time, between late May and early June 2022, SpaceX sent more than 17,000 BTC to the crypto exchange.
The company has not publicly commented on the recent transfer or its purpose. According to data, it has reached out to SpaceX for further clarification.
With this latest transaction, SpaceX’s current bitcoin holdings stand at 6,977 BTC, valued at approximately $825 million. Tesla, also led by Musk, holds a larger stake of 11,509 BTC—worth around $1.36 billion. In total, Arkham estimates that Musk’s two companies are sitting on over $2 billion in bitcoin, purchased at an average price near $32,000 per coin. Their combined unrealized gains now exceed $1.5 billion, according to the firm.
The timing of SpaceX’s transaction comes amid a broader wave of institutional crypto adoption. Political support, particularly from former U.S. President Donald Trump—who has recently voiced strong pro-crypto views—has fueled momentum for bitcoin in mainstream financial circles. Several major firms are moving to integrate digital assets into their corporate strategies, signaling a shift in how traditional finance approaches crypto.
Meanwhile, Musk has entered the political spotlight again with the announcement of the "America Party," a new political movement challenging the dominant two-party system in the U.S. The billionaire entrepreneur stated on X that the party would advocate for bitcoin, suggesting his continued support for decentralized finance as part of a broader platform.
ELON MUSK’S COMPANIES OWN $2 BILLION IN BITCOIN
— Arkham (@arkham) June 27, 2025
Tesla and SpaceX hold over $2 BILLION of BTC combined. They purchased this at an average price of ~$32K.
Combined, Elon’s companies are up almost $1.5 BILLION on Bitcoin. pic.twitter.com/w8jofpTYNA
SpaceX’s bitcoin transfer may be just one transaction, but it reflects a growing intersection of technology, finance, and politics. As Musk’s companies deepen their crypto exposure and institutional interest surges, digital assets like bitcoin are inching closer to the corporate and political mainstream.
