SpaceX Quietly Moves $134 Million in Bitcoin — Elon Musk’s Company Reactivates Dormant Wallets After Months of Silence

Elon Musk’s SpaceX has reportedly shifted $134 million worth of Bitcoin into new wallets, reigniting speculation about the company’s crypto strategy after months of on-chain inactivity.

According to blockchain intelligence firm Arkham, the transfer took place on October 24, 2025, marking the second major Bitcoin movement by the aerospace giant this week. Earlier, SpaceX also moved $268 million worth of BTC, breaking a three-month lull in wallet activity.

The latest transactions have sparked renewed attention from analysts, who note that such large, coordinated movements could indicate internal restructuring, new custodial arrangements, or even preparations for future crypto-linked financing or treasury operations.

While SpaceX and Elon Musk have yet to issue a public statement, the company’s on-chain activity mirrors earlier reports that it held hundreds of millions of dollars in Bitcoin acquired during the 2021–2022 bull cycle.

Crypto watchers are now asking the big question:

Is SpaceX repositioning ahead of the next market surge — or quietly cashing out before volatility returns?