SpaceX makes another bitcoin transaction for $ 31 million

SpaceX has made another major bitcoin transfer BTC $106,600.00 Mezo Wrapped BTC -2.98% Market capitalization $56.76 million VOL. 24 hours $3.12 billion , moving 281 BTC worth about $ 31.28 million to a new wallet. This is the third major transaction in the last ten days, which has sparked an active discussion in the crypto community and a new wave of speculation about a possible change in Elon Musk’s strategy for digital assets.

According to Lookonchain analysts, the latest transfer confirms SpaceX’s direct management of its own cryptocurrency reserves. Earlier, on October 21, 2025, the Arkham platform recorded the transfer of 2,495 BTC (approximately $ 257 million) to two new addresses, indicating a large-scale reorganization of the company’s internal wallets.

Frequent transfers have led experts to speculate that SpaceX may be preparing to update its asset custody policy or make broader financial decisions. Some social media users suggested that three transactions in ten days could indicate «positioning for strategic change» rather than just a security update. Others, such as BlockTempo, believe that the transfers may be preparations for a partial sale of cryptocurrency stocks.

Arkham Intelligence estimates that SpaceX’s total bitcoin portfolio is approximately $ 790.95 million, or 7,258 BTC. For comparison, Tesla, another company of Elon Musk, holds 11,509 BTC worth about $ 1.25 billion. Together, the two companies own more than $ 2.04 billion worth of bitcoin, remaining among the largest institutional holders of cryptocurrency in the world, despite the decline in value due to the overall market decline.

The developments come two weeks after Elon Musk publicly expressed his support for bitcoin, calling it «the money of the future» and emphasizing that the cryptocurrency is based on energy, not political trust. In his opinion, this property makes bitcoin more stable than traditional currencies. In this regard, the activity of SpaceX and Tesla in the digital asset market is seen as a confirmation of their long-term interest in the cryptocurrency sector.