SpaceX Transfers $133 Million in Bitcoin to New Wallets

Elon Musk’s SpaceX has executed two major Bitcoin transfers within a week, totaling $276 million, according to blockchain tracking data. These recent movements involved 1,215 BTC transferred to new wallets on October 24, 2025, reflecting internal reorganizations rather than market strategies. The transfers, valued at approximately $133 million, have been categorized as part of routine security updates by analysts. While Bitcoin prices did experience a temporary dip to around $109,938 after the transfer, this decline was short-lived, quickly recovering to $110,500 within hours.