Elon Musk’s firm consolidates $153 million in BTC

The company’s unexpected Bitcoin transfer coincides with growing scrutiny from the Trump administration over its government contracts.

A federal judge has allowed OpenAI’s harassment claims against Elon Musk to proceed, escalating the high-profile legal battle over AI, corporate control, and alleged press attacks.

SpaceX has moved $153 million worth of Bitcoin for the first time since 2022, consolidating 1,308 BTC from 16 addresses into a single SegWit wallet, on-chain data reveals. The reason behind the move remains undisclosed.

The company, founded by Elon Musk, currently holds 8,285 BTC—worth nearly $989 million—according to bitcointreasuries.net. Its last Bitcoin transfer involved over 3,500 tokens sent to Coinbase. A SpaceX spokesperson declined to comment on the latest activity.

The transfer coincides with increased scrutiny of the firm’s government contracts, following a clash between Musk and Donald Trump. Despite speculation, SpaceX may not be selling its Bitcoin, as it is reportedly preparing a $1 billion share sale that could value the company at $400 billion.

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