SpaceX has transferred Bitcoin for the first time in six months, while its newly listed SPCX shares have fallen more than 25% from recent highs despite joining the Nasdaq-100.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to Arkham Intelligence, a wallet linked to Elon Musk\u2019s SpaceX moved just $88 worth of Bitcoin on July 8, ending a six-month period without on-chain activity. Although the transfer was tiny, it quickly fueled speculation across crypto markets because the company\u2019s wallets have historically remained inactive for long periods.<\/p>\n SPACEX JUST MOVED BITCOIN<\/p>\n A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9).<\/p>\n Is SpaceX about to move more BTC? pic.twitter.com\/vQITSDKtGI<\/a><\/p>\n \u2014 Arkham (@arkham) July 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Arkham Intelligence data showed that SpaceX still holds about 18,712 BTC, worth roughly $1.16 billion at current prices. The receiving wallet now contains 614 BTC valued at about $38 million. The blockchain analytics platform also showed that the company\u2019s previous major transfer involved more than 1,016 BTC worth nearly $100 million.<\/p>\n While the latest transaction involved only a nominal amount, it arrived after a series of larger Bitcoin sales by corporate treasury holders. Strategy, MARA Holdings, Nakamoto Holdings, and Sequans Communications have all disclosed Bitcoin sales in recent weeks.<\/p>\n Last week, Strategy announced a Bitcoin sale<\/a> worth about $216 million, adding to investor sensitivity around transfers from large institutional wallets.<\/p>\n <\/p>\n Past activity has also added to the attention. Arkham Intelligence data indicates that outflows from SpaceX to unidentified wallets accelerated around the crypto market decline on Oct. 10 last year before slowing as the company\u2019s attention turned toward its public listing.<\/p>\n Meanwhile, Bitcoin traded above $62,000<\/a> but remained nearly 2% lower on the day as geopolitical tensions weighed on risk assets. The decline followed renewed U.S.-Iran strikes, while President Donald Trump questioned whether the cease-fire between the two countries would hold after both sides exchanged fresh attacks.<\/p>\n Selling pressure has continued in SpaceX shares even after the company secured a place in the Nasdaq-100. SPCX closed 6.83% lower at $149.47 on Tuesday after touching an intraday low of $148.86, leaving the stock below its IPO debut price and more than 25% below levels seen about a month ago. Premarket trading on Wednesday showed the shares edging up 0.49%.<\/p>\n Nasdaq confirmed that SpaceX qualified for accelerated inclusion under revised eligibility rules that allow certain large newly listed companies to enter the Nasdaq-100 much sooner than previously permitted. The company officially joined the benchmark before the opening bell on July 7, making it one of the fastest IPOs to enter the technology-focused index.<\/p>\n According to JPMorgan, the index addition is expected to generate roughly $4.3 billion<\/a> in compulsory buying by passive exchange-traded funds and other index-tracking portfolios that must rebalance their holdings to match the Nasdaq-100. Even with that expected inflow, investors continued taking profits after the stock\u2019s strong rally following its market debut.<\/p>\n Wall Street has nevertheless remained constructive on the stock. As previously reported<\/a> by crypto.news, analysts at Morgan Stanley, Goldman Sachs, and Citigroup have initiated coverage on SpaceX with higher valuation targets.<\/p>\n Morgan Stanley has taken the most bullish stance, assigning a $300 price target while arguing that the company\u2019s long-term growth prospects remain intact despite the recent pullback.<\/p>\n <\/p><\/div>\n\n
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Why did a small Bitcoin transfer attract attention?<\/h2>\n
Why has SPCX remained under pressure despite Nasdaq-100 inclusion?<\/h2>\n
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