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6d ago

SpaceX Moves 1,308 BTC in First On-Chain Activity Since 2022

This consolidation of roughly $153 million of Bitcoin into a SegWit address coincides with combined corporate holdings of nearly 20,000 BTC valued at about $2 billion.

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Overview

  • On July 22, SpaceX moved 1,308 BTC (≈$153 million) from 16 legacy addresses into a single SegWit-compatible wallet.
  • This is SpaceX’s first on-chain Bitcoin activity since June 2022, when it last transferred over 3,500 BTC to Coinbase.
  • Arkham Intelligence and bitcointreasuries.net data show SpaceX holds 8,285 BTC (≈$989 million) and Tesla holds 11,509 BTC (≈$1.37 billion).
  • Combined holdings total nearly 20,000 BTC valued at about $2 billion as Bitcoin trades above its all-time high of $122,800.
  • The motives behind the consolidation remain unclear, with analysts suggesting it could reflect either asset sale preparations or internal treasury reorganization.