SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

The crypto market is once again in turmoil as SpaceX suddenly transferred 281 Bitcoin (worth around $31.28 million) to a new wallet — marking its third major transaction in less than two weeks.

This series of moves has ignited intense debate across the industry: Is SpaceX reorganizing its digital asset strategy, or preparing for something much bigger behind the scenes?

Three Transfers in Just 10 Days

According to Lookonchain, SpaceX recently moved more than $31 million in Bitcoin to a new address — its third transfer in 10 days.
Earlier, on October 21, 2025, blockchain tracker Arkham detected another massive movement of 2,495 BTC (about $257 million), indicating that SpaceX may be undergoing a large-scale on-chain restructuring.

Analysts believe such frequent transactions may reflect active treasury management, or perhaps even an upcoming shift in SpaceX’s crypto policy.

“Three transfers in ten days aren’t just ‘custody management.’ This looks like positioning ahead of a major policy change,”
— one X user commented cryptically.

Some community sources, including BlockTempo, have even suggested that SpaceX might be preparing for partial liquidations, though the company has yet to issue any official statement.

SpaceX and Tesla – Elon Musk’s “Digital Gold Vaults”

According to Arkham Intelligence, SpaceX currently holds around 7,258 BTC, worth approximately $790.95 million.
Meanwhile, Tesla still leads with 11,509 BTC, valued at $1.25 billion.
Together, the two Musk-led firms now hold over $2 billion worth of Bitcoin, despite the portfolio’s decline amid recent market turbulence.

Even so, both companies remain among the largest institutional Bitcoin holders globally, underscoring Musk’s unwavering confidence in the leading cryptocurrency.

Musk: “Bitcoin Is the Future of Money”

Notably, just two weeks ago, Elon Musk once again voiced his strong support for Bitcoin, emphasizing that it outperforms fiat currency because it is “built on energy and sustainability.”
According to Musk, Bitcoin’s energy-based foundation makes it far less vulnerable to manipulation than government-issued money — a key advantage that could define the future of finance.

Now, investors are watching SpaceX and Tesla’s every move with bated breath, as one unexpected transfer or a single Musk tweet could once again shake the entire Bitcoin market.