SpaceX moves 133 million in Bitcoin without official explanation

While bitcoin wavers in a turbulence zone and the big whales celebrate their catches, another player seems to move his pieces silently. In the middle of speculative euphoria, Elon Musk, through SpaceX, orchestrates massive BTC movements without public comment. A ballet of addresses and wallets that intrigues, questions… and fuels hypotheses behind the scenes of the cryptosphere. The contrast is striking: where some rejoice, others rearrange their lines as if preparing for an imminent storm.

SpaceX on stealth mode: why Elon Musk moves his BTC treasure

The bitcoin news: on October 24, more than 1,215 BTC — or 133.7 million dollars — were transferred from wallets identified as those of SpaceX to new unlabeled addresses. An operation spotted by Arkham Intelligence, which quickly alerted the community on X. A few days earlier, the same entity had moved 2,495 BTC at once, equivalent to 268 million dollars.

And yet, nothing. Not a single official line. Not an interview. Elon Musk, who usually wields humor and online announcements as a strategic weapon, remains silent this time.

What makes the matter spicier? The parallel sending of 150 $ in bitcoin to Coinbase Prime, a negligible but symbolic sum. A technical test? A wink? Mystery.

Observers suggest internal restructuring. Others talk about migration to more secure wallets, a common practice during periods of increased volatility. Since 2022, SpaceX had reduced its BTC holdings by 70%, mainly because of the earthquake caused by the Terra-Luna affair and the FTX collapse.

The last on-chain activity of SpaceX dated back to July. Since then, radio silence. And suddenly, this double movement: quick, massive, methodical.

Bitcoin, Musk and the stacking logic: who keeps what, and why?

Under the microscope, the figures are dizzying. SpaceX still holds 6,970 BTC, valued at nearly 770 million dollars. On its side, Tesla, the other crypto-machine signed by Elon Musk, retains 11,509 BTC, or more than 1.24 billion dollars.

The contrast is striking: Tesla hasn’t moved since October 2024, while SpaceX is active. A strategic dissociation? Maybe. A portfolio consolidation at the group level? That’s the most advanced hypothesis.

What we also know is that Elon Musk doesn’t only play with bitcoin. He brought Dogecoin to media attention, temporarily influenced Ethereum prices, and left traces in almost all major cryptos. But today, it’s clearly around BTC that the spotlights refocus.

Meanwhile, the market oscillates. No explosive reaction to these transfers, but palpable tension. BTC trades around 111,324 dollars. Volatility is there, lurking beneath the surface. Other cryptocurrencies, from ETH to SOL, struggle to regain their pace, hindered by massive sales on Asian markets post-Trump tariffs.

Key figures to remember about SpaceX, Elon Musk and Bitcoin

• $133.7 million moved by SpaceX on October 24;
• 2,495 BTC transferred earlier in the week;
• 6,970 BTC still in SpaceX’s wallet;
• 11,509 BTC still held by Tesla;
• Current bitcoin price: 111,324 $.

October might not smile on bitcoin: some analysts even consider its worst historical performance for this period. Faced with uncertainty, Elon Musk and SpaceX prefer to move silently. A waiting game… or a strong signal?