Key Takeaways:
SpaceX transferred $88 worth of Bitcoin on July 8 in its first on-chain transaction in six months, Arkham Intelligence data shows, reactivating a corporate wallet that holds roughly $1.16 billion of the cryptocurrency.
"A tagged SpaceX address just moved Bitcoin for the first time in 6 months," Arkham said on X. The tagged address (15atF) sent the funds to another SpaceX-controlled wallet (bc1q9), a pattern consistent with internal rebalancing or custody rotation rather than preparation for an exchange deposit. Small test transactions are typically used to verify address control before larger transfers, according to on-chain analysts.
SpaceX disclosed during its initial public offering process that it holds 18,712 Bitcoin, acquired at an average price of about $35,320 per coin. At current prices near $64,000, that stake is worth approximately $1.16 billion, making the aerospace company the eighth-largest corporate Bitcoin holder globally, behind MicroStrategy's 226,331 BTC and Marathon Digital's 25,000-plus BTC, among others. The company's average entry price implies an unrealized gain of roughly $537 million on the position.
The test transaction comes weeks after SpaceX's landmark IPO and its subsequent inclusion in the Nasdaq 100 index, raising questions about whether public market scrutiny could alter the company's approach to its crypto holdings. Corporate Bitcoin holders face pressure from shareholders and auditors to justify large digital asset allocations, and any signal of a potential sale could weigh on sentiment. Bitcoin traded near $64,000 at the time of the transaction, down from its March record above $73,000, as macro uncertainty weighed on risk assets.
The reactivation of a dormant wallet from a top-10 corporate holder is a rare event that on-chain observers will monitor closely. If SpaceX were to move a significant portion of its holdings to an exchange, it could create short-term selling pressure. For now, the inter-wallet transfer pattern suggests no imminent disposition, but the wallet's renewed activity marks a shift after half a year of dormancy. The broader corporate Bitcoin treasury trend has accelerated in 2026, with several companies adding BTC to balance sheets following the approval of spot Bitcoin ETFs in the US.
This article is for informational purposes only and does not constitute investment advice.
