Key Highlights
- SpaceX’s Bitcoin wallet became active for the first time in six months with small internal transfers.
- The transactions do not show any signs that SpaceX is preparing to sell its Bitcoin holdings.
- The transactions do not show any signs that SpaceX is preparing to sell its Bitcoin holdings.
A Bitcoin wallet allegedly linked to SpaceX made its first on-chain transaction on Wednesday, after being idle for the last six months. On-chain data from CryptoQuant showed that this wallet with the tag “15atF” made a transfer of $130.
Blockchain data from Arkham Intelligence also confirmed that the wallet made three transfers worth less than $300 in total between SpaceX-controlled wallets and Coinbase Prime custody.
According to Arkham Intelligence, the largest transfer moved 0.00213 BTC, worth about $135, between two wallets linked to SpaceX. A second transfer moved 0.00139 BTC, valued at around $89. The third transaction came from Coinbase Prime, which sent 0.000738 BTC, or about $47, to one of SpaceX’s wallets.
Small transfers like this are often used to cover blockchain network fees before larger transactions are made.
Is SpaceX selling Bitcoin?
No, SpaceX has not officially announced to sell any Bitcoin, although traders have taken notice of the wallet activity because it happened after SpaceX became a public company; the transfers do not suggest that the company is planning to do it anytime soon.
None of the coins were sent to a known cryptocurrency exchange, which is usually one of the first signs that a company may be getting ready to sell its holdings. Instead, all the Bitcoin remained under SpaceX’s control.
SpaceX still holds 18,712 BTC
SpaceX still owns 18,712 BTC, which is currently worth between $1.16 billion and $1.2 billion, depending on Bitcoin’s market price. Wallet movements of this size are usually part of normal operations.
Companies often move small amounts of Bitcoin to pay transaction fees, move funds between their own wallets, combine holdings, or test that everything is working before moving larger amounts. However, The Crypto Times has reached out to SpaceX for comment about the transactions.
IPO revealed the company’s full Bitcoin treasury
The transactions came weeks after the company’s record-breaking June 12 initial public offering (IPO). The IPO gave investors their first official look at the company’s Bitcoin treasury through its public filings.
Before the filing, Arkham Intelligence had identified only about 8,285 BTC belonging to SpaceX through on-chain analysis. However, the SEC filings showed that SpaceX actually holds 18,712 BTC. The company bought the Bitcoin for about $661 million, paying an average price of around $35,300 for each coin.
The newly released filings also showed that SpaceX’s Bitcoin holdings were worth about $1.293 billion as of March 31, 2026. The company keeps its Bitcoin with regulated third-party custodians, which helps explain why blockchain trackers could not previously see all of its holdings.
These new transfers were the first wallet activity since six to seven months ago, when SpaceX moved roughly 1,000 BTC between its own wallets and Coinbase Prime’s custody service. Those transfers also stayed within company-controlled accounts and were not sent to exchanges.
SpaceX moves closer to joining the Nasdaq-100
Separately, SpaceX is also preparing for another major milestone. The company is set to join the Nasdaq-100 index under Nasdaq’s new fast-track rule for certain newly listed companies.
With its 18,712 BTC, SpaceX will become the fourth company in the Nasdaq-100 to hold Bitcoin on its balance sheet, joining Tesla, Strategy, and another corporate Bitcoin holder. Across both SpaceX and Tesla, Elon Musk now oversees more than 30,000 BTC.
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