SpaceX Executes Major Bitcoin Transfer
SpaceX, the aerospace giant led by Elon Musk, has made another significant move in the crypto space by transferring more than $94 million in Bitcoin. On-chain data from blockchain analytics firm Arkham Intelligence shows the company shifted 1,021 BTC on Wednesday, splitting the amount into two wallets holding 407 BTC and 614 BTC.
This activity follows a pattern: for the past two months, SpaceX has been moving around $100 million worth of Bitcoin every week. These consistent transfers mark a notable change, as the company had not adjusted its Bitcoin holdings for roughly three years prior to this year.
Growing Bitcoin Holdings as IPO Plans Develop
These transactions come as SpaceX prepares for a possible initial public offering (IPO) in 2026, which analysts project could be one of the largest in history. According to Bloomberg, the IPO could raise over $30 billion with a potential valuation of $1.5 trillion.
Although the direct link between the Bitcoin transfers and the upcoming IPO remains uncertain, SpaceX’s activity suggests strategic financial positioning. The company currently holds 8,285 BTC, valued at about $770 million, placing it among the largest private Bitcoin holders globally.
As SpaceX continues its rapid growth in both aerospace and financial strategy, its increasing engagement with Bitcoin adds another layer of intrigue to its path toward a landmark public offering.
