While bitcoin teeters in a zone of turbulence and the big whales congratulate themselves on their catches, another player seems to be moving his pawns silently. In full speculative euphoria, Elon Musk, through SpaceX, orchestrates massive movements in BTC without public comment. A ballet of addresses and portfolios that intrigues, questions… and fuels hypotheses behind the scenes of the cryptosphere. The contrast is striking: where some exult, others reorganize their lines as if in anticipation of an imminent storm.
In brief
- SpaceX transfers 1,215 BTC to new, unidentified wallets, without official communication.
- Elon Musk remains silent despite two major bitcoin transfers in less than a week.
- Tesla still holds 11,509 BTC, while SpaceX keeps 6,970 BTC in its reserves.
SpaceX in stealth mode: why Elon Musk is moving his BTC treasure
Bitcoin news: on October 24, more than 1,215 BTC — or $133.7 million — were transferred from wallets identified as those of SpaceX to new unlabeled addresses. A operation spotted by Arkham Intelligence, which quickly alerted the community to X. A few days earlier, the same entity had moved 2,495 BTC in one go, the equivalent of $268 million.
And yet, nothing. Not an official line. Not an interview. Elon Musk, who usually uses humor and online announcements as a strategic weapon, remains silent this time.
What makes it spicier? The parallel sending of $150 in bitcoin to Coinbase Prime, a paltry but symbolic sum. A technical test? A wink? Mystery.
Observers speak of internal restructuring. Others talk about migrating to more secure wallets, a common practice in periods of increased volatility. Since 2022, SpaceX had however reduced its BTC holdings by 70%, mainly because of the earthquake caused by the Terra-Luna affair and the collapse of FTX.
SpaceX's last on-chain activity dates back to July. Since then, radio silence. And suddenly, this double movement: rapid, massive, methodical.
Bitcoin, Musk and stacking logic: who keeps what, and why?
Under a magnifying glass, the figures are dizzying. SpaceX still holds 6,970 BTC, valued at nearly $770 million. For its part, Tesla, the other crypto-machine signed Elon Musk, keeps 11,509 BTC, or more than 1.24 billion dollars.
The contrast is striking: Tesla has not moved since October 2024, while SpaceX is active. A strategic dissociation? Maybe. Group-wide portfolio consolidation? This is the most advanced hypothesis.
What we also know is that Elon Musk doesn't just play with bitcoin. He brought Dogecoin to the media scene, temporarily influenced Ethereum prices, and left traces in almost all major cryptos. But today, it is around BTC that the spotlight is refocusing.
And all the while, the market oscillates. No explosive reaction to these transfers, but a palpable tension. BTC is trading around $111,324. The volatility is there, lurking beneath the surface. Other cryptocurrencies, from ETH to SOL, are struggling to regain their momentum, held back by massive sell-offs in post-Trump Asian markets.
Numerical benchmarks to remember about SpaceX, Elon Musk and Bitcoin
- $133.7 million moved by SpaceX on October 24;
- 2,495 BTC transferred earlier in the week;
- 6,970 BTC still in portfolio at SpaceX;
- 11,509 BTC still held by Tesla;
- Current bitcoin price: $111,324.
The month of October may not be good for bitcoin: some analysts are even considering its worst historical performance for this period. Faced with uncertainty, Elon Musk and SpaceX prefer to move silently. A game of patience… or a strong signal?
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