Key TakeawaysA cryptocurrency wallet associated with SpaceX transferred only $88 in Bitcoin following a half-year period of no activityThe aerospace company maintains ownership of 18,712 BTC valued at approximately $1.16 billionShares of SPCX finished Tuesday’s session down 6.83%, trading beneath its initial public offering priceThe equity has declined over 25% from recent peaks even with Nasdaq-100 membershipJPMorgan projects that approximately $4.3 billion in passive investment flows could result from the index additionA cryptocurrency wallet associated with Elon Musk’s aerospace venture SpaceX executed a Bitcoin transaction for the first time in half a year, sparking discussion among digital asset observers. Simultaneously, the company’s publicly traded shares have retreated more than 25% from their recent peak levels, despite securing a spot in the prestigious Nasdaq-100 index.Space Exploration Technologies Corp., SPCXSpaceX-Linked Wallet Executes Minimal BTC TransferBlockchain tracking service Arkham Intelligence reported that a wallet tied to SpaceX conducted a transaction involving just $88 in Bitcoin on July 8. This marked the conclusion of a six-month period during which the wallet remained completely dormant.SPACEX JUST MOVED BITCOINA 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).Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI— Arkham (@arkham) July 8, 2026The modest transaction amount didn’t prevent market observers from weighing in with various theories. Historically, SpaceX’s cryptocurrency wallets have exhibited extended periods of inactivity before executing more substantial movements.Data from Arkham indicates that SpaceX continues to maintain approximately 18,712 Bitcoin in its holdings, representing a market value of roughly $1.16 billion. The destination wallet in this transaction now contains 614 Bitcoin, worth approximately $38 million.The previous significant movement from SpaceX wallets involved over 1,016 Bitcoin valued at close to $100 million at the time. Arkham’s analysis also revealed that outbound transfers from SpaceX to unidentified wallets rose during the cryptocurrency market downturn that occurred on October 10 of the previous year.This activity emerges amid a broader trend of major corporate Bitcoin holders reducing positions. Strategy recently liquidated approximately $216 million in Bitcoin holdings. Additional companies including MARA Holdings, Nakamoto Holdings, and Sequans Communications have similarly announced Bitcoin disposals in recent weeks.Bitcoin’s price stood above the $62,000 threshold on Tuesday but experienced a nearly 2% decline during the trading session. The decrease followed renewed military confrontations between the United States and Iran, with President Trump expressing skepticism regarding the durability of any potential cease-fire agreement.SPCX Shares Slip Below Debut Price Amid Nasdaq-100 InclusionSPCX concluded Tuesday at $149.47, representing a 6.83% decline, with the intraday bottom reaching $148.86. The stock has now surrendered over 25% of its value from the highs recorded roughly one month earlier and has fallen beneath the price level established during its initial public offering.SpaceX secured its position in the Nasdaq-100 index prior to Monday’s opening bell on July 7. The exchange operator granted an expedited inclusion based on updated guidelines that enable recently listed companies of substantial size to achieve index eligibility more rapidly than previous protocols allowed.Analysts at JPMorgan calculate that the index membership will compel passive investment vehicles and exchange-traded funds to acquire approximately $4.3 billion in SPCX shares as they execute portfolio adjustments to mirror the Nasdaq-100 composition.Notwithstanding the anticipated institutional purchasing pressure, market participants have persisted in realizing gains following the equity’s dramatic appreciation after its market introduction.Major investment banks have expressed optimistic outlooks. Morgan Stanley, Goldman Sachs, and Citigroup have each initiated research coverage on SpaceX with elevated price objectives. Morgan Stanley established a $300 target price, representing the most aggressive projection among the three institutions.Pre-market activity on Wednesday indicated shares climbing 0.49%.The post SpaceX Bitcoin Holdings See First Transaction in Half a Year While SPCX Stock Tumbles 25% appeared first on Blockonomi.