"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."
"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."
SpaceX transferred 1,021 BTC (~$94.5 million) in two Coinbase Prime custody addresses, with 614 BTC and 407 BTC sent. The movement represents the ninth transfer this year and contributes to roughly 8,910 BTC (~$924 million) moved recently. Arkham Intelligence tagging indicates SpaceX controls about 3,991 BTC (~$367 million) now. Holdings peaked above $1.6 billion in 2021 and were cut by roughly 70% in mid-2022 after Terra-Luna, FTX, and market shocks. The reshuffle coincides with SpaceX planning a large IPO targeting a ~$1.5 trillion valuation and a >$30 billion raise.
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