Bitcoin Activity Surges as SpaceX Moves $94 Million Before 2026 IPO

• Bitcoin worth over $94 million was transferred by SpaceX across two wallets, moving 1,021 BTC ahead of its 2026 IPO.
• The company has been consistently moving around $100 million in Bitcoin weekly for the past two months after three years of inactivity.
• SpaceX currently holds 8,285 BTC (~$770 million), potentially making it the fourth-largest publicly traded Bitcoin holder if listed.

Bitcoin transactions surged as SpaceX transferred over $94 million in a two-part transaction on Wednesday, indicating that there would be a marked increase in their activities before their planned listing in 2026.

Two Bitcoin wallets linked to SpaceX transferred a total of 1,021 BTC to various addresses, as per data from blockchain analytics firm Arkham Intelligence. This occurred in transactions that involved 407 BTC and 614 BTC, with a combined value of around $94.3 million USD, as per present values.

“SpaceX just moved $94 million of BTC. They’ve been shifting around $100 million of BTC every week for the past two months,” Arkham shared on X, highlighting a sharp increase in the company’s previously quiet crypto holdings.

A Pattern of Regular Bitcoin Transfers

This latest transaction follows a series of regular, large BTC transactions attributed to this aerospace company. Throughout the past eight weeks, it has been reported that SpaceX has transferred nearly $100 million in Bitcoin every week.

Before this period, it had been noted that the company’s BTC reserve had not been touched for the past three years. Last week, for example, SpaceX transferred an additional $100 million of BTC.

The actual cause of this has yet to be determined. There appears to be no direct correlation with SpaceX’s touted IPO, as it has not released a statement about this BTC activity.

The involvement of SpaceX in cryptocurrencies follows news of it being set for a record-breaking initial public offering. Bloomberg reported that SpaceX could offer over $30 billion in an offering in 2026, which would value it at $1.5 trillion. This would make it one of the biggest public offerings in history.

If SpaceX were to list its company on a stock exchange with its current BTC holdings, it would make it the fourth-largest publicly traded company that holds BTC. This is due to the 8,285 Bitcoin that the company has reported on its balance sheet, which has a value of around $770 million. The company has, in the past, held a total of 25,000 BTC, according to a report dated back to 2022.

Source: bitcointreasuries.net

Also Read | Bitcoin Reclaims $94,000: Could This Signal the Next Explosive Rally?

Bitcoin Moves Amid Market Recovery

These transactions also come as BTC has been recovering from a fall in November, which lasted for several weeks. Bitcoin, which traded close to $81,000, has been rising to around $89,834, though it remains 28% lower than its all-time high in October of over $126,000.

Source: CoinGecko

Institutional participation in BTC has also been increasing, from corporate treasuries to personal investment and spot ETFs. With Elon Musk actively involved in the world of cryptocurrencies, from Tesla to Dogecoin to X’s developing payment systems, BTC transactions in SpaceX also continue to draw a lot of interest in both financial circles and in the world of digital currencies.

Also Read | Bitcoin (BTC) Market Shows Signs of Strain as Long-Term Holder Selling Accelerates: Glassnode