SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO
SpaceX recently moved $94.5 million worth of Bitcoin, continuing a trend of consolidating its crypto holdings before a potential massive IPO.Summary
SpaceX executed another transfer of 1,021 bitcoin, valued at approximately $94.5 million, split between two unlabeled addresses via Coinbase Prime custody. This is the ninth such transfer this year, bringing recent movements to about 8,910 BTC, which analysts suggest is part of a strategy to consolidate holdings and upgrade legacy addresses for better security and management. Arkham Intelligence tracks SpaceX's current holdings at roughly 3,991 BTC, significantly down from a peak above $1.6 billion in 2021. This reshuffling occurs as SpaceX reportedly plans a massive Initial Public Offering (IPO) aiming to raise over $30 billion with a target valuation near $1.5 trillion, potentially taking place in mid-to-late 2026. The IPO would offer investors exposure to SpaceX's significant crypto assets, alongside its core aerospace and Starlink businesses.
(Source：Bitcoin Magazine)