Elon Musk’s SpaceX moves another $95 million of its bitcoin stash amid reported 2026 IPO plans: Arkham

Elon Musk’s SpaceX recently transferred another 1,021 BTC (approximately $94.5 million) in a move analysts attribute to custody consolidation. This transaction is the second this month and the ninth this year, totaling around 8,910 BTC ($924 million) managed through Coinbase Prime. The transfers involve moving funds between different Bitcoin address formats, likely as part of a wallet reorganization. SpaceX initially confirmed its Bitcoin holdings in 2021 but reportedly reduced them significantly in 2022. While Arkham currently tracks 3,991 BTC held by SpaceX, this figure may be lower due to a labeling lag, with Bitcoin Treasuries reporting 8,285 BTC. This activity coincides with SpaceX’s plans for an initial public offering (IPO) targeted for mid-to-late 2026, potentially raising over $30 billion at a $1.5 trillion valuation.

(Source：The Block)