Onchain data reveals that the newly public company transferred a small amount of bitcoin internally, with no coins sent to exchanges.
By Shaurya Malwa|Edited by Sheldon Reback Jul 8, 2026, 12:44 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (SpaceX/Unsplash)SummaryShow- SpaceX executed small bitcoin transfers between its wallets for the first time in about six months, indicating routine adjustments rather than any intent to sell or shift assets to exchanges.
- The transactions involved less than $300 of its total 18,712 bitcoin, valued around $1.16 billion.
- The company's IPO on June 12 disclosed its complete bitcoin holdings, which more than doubled previous onchain estimates and led to increased scrutiny of even minor wallet activities.
SpaceX (SPCX) conducted its first bitcoin transactions in approximately six months early Wednesday, transferring amounts totaling under $300 from its substantial $1.16 billion bitcoin reserve without indicating any sales.
Data from Arkham Intelligence reveals that the most substantial transaction shifted 0.00213 BTC, roughly $135, between two of its wallets, while a second transaction involved 0.00139 BTC, about $89.
Additionally, a third transaction saw Coinbase Prime's custody service add 0.000738 BTC, valued at around $47, to a SpaceX wallet—an amount typical for covering network fees ahead of larger transactions.
SpaceX's IPO on June 12 marked the largest in history, revealing the company's complete bitcoin holdings for the first time. Small transactions can attract attention post-IPO, although none of these coins were sent to an exchange or removed from SpaceX's control.
Currently, the company retains 18,712 BTC. Such small transfers are generally routine, typically involving wallet funding for fee payments, consolidating holdings, or testing setups before actual transactions.
SpaceX did not provide immediate comments on the matter.
Prior to the IPO, Arkham had only been able to associate around 8,285 BTC with the company. The newly disclosed total of 18,712 coins, purchased for about $661 million at an average price near $35,000 each, significantly exceeded previous estimates and clarified the remainder of its holdings.
The last significant wallet activity occurred six to seven months ago when SpaceX transferred approximately 1,000 BTC at a time between its own wallets and Coinbase Prime custody, again without any coins being sent to exchanges.
Elon Musk, the founder of SpaceX, now manages over 30,000 BTC across SpaceX and Tesla (TSLA).
Transfers to a recognized exchange deposit address would be the initial indication of whether SpaceX intends to manage its treasury differently now that it's public.
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SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
By CoinDesk ResearchJul 7, 2026Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
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