SpaceX, the pioneering private aerospace company, has executed a significant transfer of 1,308 Bitcoin (BTC), valued at approximately $153 million, from a digital wallet that had remained dormant for three years. This notable transaction, which occurred while Bitcoin was trading near $117,773, underscores the company’s dynamic engagement with digital assets and their evolving role within its strategic financial framework.
- SpaceX transferred 1,308 Bitcoin ($153 million) from a digital wallet dormant for three years.
- CEO Elon Musk confirmed SpaceX’s Bitcoin ownership in 2021, with Arkham Intelligence reporting a $373 million write-off in 2023.
- By March 2024, combined Bitcoin holdings for Tesla and SpaceX surpassed $1.3 billion.
- SpaceX intends to invest up to $2 billion in Elon Musk’s AI venture, xAI, potentially leveraging its digital asset reserves.
- A recent piloted SpaceX orbital mission was notably funded by Chun Wang, co-founder of major Bitcoin mining pool F2Pool.
Strategic Shifts in Digital Asset Management
Blockchain analytics firm Arkham Intelligence, which actively monitors major corporate cryptocurrency holdings, identified the movement of these digital assets. This recent activity provides new insights into SpaceX’s evolving long-term Bitcoin strategy. In 2021, CEO Elon Musk publicly affirmed SpaceX’s ownership of Bitcoin, although the specific details of its portfolio were not disclosed. By 2023, Arkham Intelligence reported that SpaceX had recorded a $373 million write-off concerning its Bitcoin holdings, suggesting a partial divestment of the asset. This period notably coincided with SpaceX’s return to profitability in the first quarter of 2023, as the company registered a $55 million profit following two consecutive years of losses. This financial turnaround indicates that its digital asset management may have played a contributing role.
Further expanding its surveillance capabilities, Arkham Intelligence augmented its monitoring efforts in March 2024 to encompass the digital assets held by both Tesla and SpaceX. Their comprehensive analysis revealed that the combined Bitcoin wallets managed by these entities collectively held a substantial sum exceeding $1.3 billion at that time, solidifying their position among the world’s largest corporate Bitcoin holders.
Looking ahead, SpaceX has publicly stated its intention to invest up to $2 billion in xAI, Elon Musk’s nascent artificial intelligence venture. This investment is part of a larger $10 billion funding round for xAI, which is slated for July 2025. It is widely anticipated that a portion of this substantial investment could potentially be sourced from SpaceX’s accumulated digital asset reserves, underscoring the strategic liquidity these holdings represent.
The intricate intertwining of SpaceX’s core operations with the broader cryptocurrency ecosystem is further exemplified by a recent milestone mission. On April 1, 2025, SpaceX successfully launched a historic piloted orbital mission that uniquely traversed both Earth’s poles. This ambitious venture was notably funded by Chun Wang, co-founder of F2Pool, one of the largest Bitcoin mining pools globally. Such a collaboration profoundly underscores a growing convergence between pioneering aerospace innovation and influential figures within the global digital asset community.
Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!