Elon Musk's space company SpaceX has made its first Bitcoin transactions in the last six months. These involve insignificant amounts — just 0.00213 BTC, 0.00139 BTC, and 0.000738 BTC, totaling less than $300 at the current exchange rate. These funds were transferred between the company's internal wallets.
It is important to note that the coins were not sent to exchange addresses, ruling out an immediate sale scenario. All Bitcoins remain under SpaceX's full control. This movement of funds may indicate a technical reorganization of the internal storage infrastructure or preparation for larger-scale operations.
Disclosure of Total Reserve Volume
Recall that after its initial public offering on June 12, 2026, SpaceX officially disclosed the full volume of its Bitcoin reserves for the first time. At that time, the company held 18,712 BTC, valued at approximately $1.16 billion. Previously, analysts at Arkham Intelligence had attributed only about 8,285 BTC to SpaceX, making the true scale of the company's cryptocurrency assets a subject of speculation.
The current activity, though minimal in volume, signals that SpaceX continues to manage its Bitcoin holdings without resorting to liquidation. This is particularly telling against the backdrop of overall market volatility and Musk's ambiguous statements in the past.
My comment: The movement of insignificant amounts after a long period of inactivity is often a test signal. SpaceX is likely checking the functionality of its wallets or laying the groundwork for larger transfers. The fact that the transactions are not directed to exchanges indicates the company's long-term intention to retain its Bitcoin reserves. This is a positive signal for the market, as one of the largest corporate holders of BTC is not rushing to offload its assets.