Bitcoin Magazine SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO SpaceX moved 1,021 BTC worth $94.5, part of a series of transfers this year totaling 8,910 BTC as the company consolidates and upgrades its bitcoin holdings. This post SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO first appeared on Bitcoin Magazine and is written by Micah Zimmerman.Bitcoin Magazine SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO SpaceX moved 1,021 BTC worth $94.5, part of a series of transfers this year totaling 8,910 BTC as the company consolidates and upgrades its bitcoin holdings. This post SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO

2025/12/11 01:56
3 min read

Bitcoin Magazine

SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO

SpaceX moved another 1,021 bitcoin on Wednesday, worth about $94.5 million.

The transfer was split between two unlabeled addresses via Coinbase Prime custody. One address received 614 BTC, the other 407 BTC.

This marks the ninth such transfer by SpaceX this year. Recent movements total around 8,910 BTC, valued near $924 million. Analysts say the company is consolidating its holdings and upgrading from legacy bitcoin addresses. 

SpaceX’s bitcoin holdings were tagged on-chain by Arkham Intelligence. The company currently controls about 3,991 BTC, worth roughly $367 million at current prices. Holdings have fluctuated over the past several years. 

The total once peaked above $1.6 billion during the 2021 bull market. In mid-2022, SpaceX reportedly reduced its stake by about 70% after shocks from the Terra-Luna collapse, FTX bankruptcy, and market-wide turbulence.

SpaceX has made no public statement about the transactions. Tesla, another Elon Musk-run company, currently holds 11,509 BTC, worth about $1.24 billion.

SpaceX IPO? 

The bitcoin reshuffle comes as SpaceX advances plans for a massive initial public offering. Bloomberg reported the company aims to raise more than $30 billion in its IPO. The target valuation is near $1.5 trillion, potentially surpassing Saudi Aramco’s record $29 billion fundraise in 2019.

SpaceX’s IPO could take place as early as mid-to-late 2026. Sources say the timing could slip into 2027 depending on market conditions. If successful, it would be the largest listing in history by valuation.

The offering would give investors exposure not only to rockets, satellites, and Starlink internet services but also to SpaceX’s crypto holdings. Musk’s companies were among the earliest institutional bitcoin adopters. 

SpaceX has also used dogecoin to fund its DOGE-1 lunar mission, highlighting Musk’s influence in crypto markets.

Prediction market data show growing confidence in SpaceX’s valuation. Polymarket traders assign a 67% probability that the IPO will exceed a $1 trillion market cap. 

The IPO could provide capital for Starlink expansion, space-based data centers, and other ventures intersecting with AI and crypto infrastructure, according to Bloomberg.

Analysts note the on-chain reshuffle aligns with the company’s broader treasury strategy. Moving funds to modern addresses can reduce transaction costs, improve security, and consolidate management of multiple wallets.

Most of SpaceX’s remaining bitcoin is expected to be migrated as the consolidation completes.

This post SpaceX Moves $95M in Bitcoin Ahead of Potential Mega IPO first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$68,868.47
$68,868.47$68,868.47
-3.25%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

In the ever-evolving world of cryptocurrencies, recent developments have sparked significant interest. A closer look at pricing forecasts for Cardano (ADA) and rumors surrounding a Solana (SOL) ETF, coupled with the emergence of a promising new entrant, Layer Brett, reveals a complex market dynamic. Cardano's Prospects: A Closer Look Cardano, a stalwart in the blockchain space, continues to hold its ground with its research-driven development strategy. The latest price predictions for ADA suggest potential gains, predicting a double or even quadruple increase in its valuation. Despite these optimistic forecasts, the allure of exponential gains drives traders toward more speculative ventures. The Buzz Around Solana ETF The potential introduction of a Solana ETF has the crypto community abuzz, potentially catapulting SOL prices to new heights. As investors await regulatory decisions, the impact of such an ETF on Solana's value could be substantial, potentially reaching up to $300. However, as with Cardano, the substantial market capitalization of Solana may temper its growth potential. Why Layer Brett is Gaining Traction Amidst established names, a new contender, Layer Brett, has started to capture the market's attention with its early presale stages. Offering a low entry price of just $0.0058 and promising over 700% in staking rewards, Layer Brett presents a tempting proposition for those looking to maximize returns. Comparative Analysis: ADA, SOL, and $LBRETT While both ADA and SOL offer stable investment choices with reliable growth, Layer Brett emerges as a high-risk, high-reward option that could potentially offer significantly higher returns due to its nascent market position and aggressive economic model. Initial presale pricing lets investors get in on the ground floor. Staking rewards currently exceed 690%, a persuasive incentive for early adopters. Backed by Ethereum's Layer 2 for enhanced transaction speed and reduced costs. A community-focused $1 million giveaway to further drive engagement and investor interest. Predicted by some analysts to offer up to 50x returns in coming years. Shifting Sands: Investor Movements As the crypto market landscape shifts, many investors, including those traditionally holding ADA and SOL, are beginning to diversify their portfolios by turning to high-potential opportunities like Layer Brett. The combination of strategic presale pricing and significant staking rewards is creating a momentum of its own. Act Fast: Time-Sensitive Opportunities As September progresses, opportunities to capitalize on these low entry points and high yield offerings from Layer Brett are likely to diminish. With increasing attention and funds being directed towards this new asset, the window to act is closing quickly. Invest in Layer Brett now to secure your position before the next price hike and staking rewards reduction. For more information, visit the Layer Brett website, join their Telegram group, or follow them on X by clicking the following links: Website Telegram X Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/09/18 18:39
Why a Lambo Rental Atlanta Experience Feels Different

Why a Lambo Rental Atlanta Experience Feels Different

Atlanta has a reputation. Some of it’s earned. Some of it’s exaggerated. And some of it lives somewhere between late-night stories, car culture, and the way the
Share
Techbullion2026/02/09 17:43
Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Rocky Romanella launches Intentional Listening Workshop & Keynote to help businesses improve communication. Based on Balanced Leadership principles, it transforms
Share
Citybuzz2026/02/09 16:00