Key facts
- SpaceX moved less than $300 worth of bitcoin across its wallets on June 12.
- The company holds 18,712 BTC, valued at approximately $1.16 billion.
- These movements are the first in about six months and suggest routine maintenance.
- The transactions did not involve sending coins to an exchange deposit address.
- SpaceX's bitcoin holdings were publicly disclosed for the first time following its June 12 IPO.
SpaceX moved small amounts of bitcoin across its wallets on June 12, marking the first such activity in approximately six months. The transactions, totaling less than $300, are interpreted as routine maintenance rather than an indication of sales or a shift in strategy.
Data from Arkham Intelligence revealed three transfers, with the largest being 0.00213 BTC (about $135) between two company-tagged addresses. Another transfer moved 0.00139 BTC (about $89), and a third involved Coinbase Prime topping up a SpaceX address with 0.000738 BTC (around $47), a common practice to cover network fees.
These movements gained attention following SpaceX's June 12 IPO, which publicly disclosed the company's full bitcoin holdings for the first time. The filing revealed SpaceX holds 18,712 BTC, valued at about $1.16 billion, more than doubling prior on-chain estimates. The coins were acquired for roughly $661 million at an average price near $35,000 each.
Prior to the IPO, on-chain trackers could only attribute about 8,285 BTC to SpaceX. The company has not responded to requests for comment. Elon Musk, founder of SpaceX, also oversees more than 30,000 BTC across SpaceX and Tesla.