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According to on-chain notifications from blockchain trackers, SpaceX moved 1,021 Bitcoin price around $94.48 million on December tenth. The transfer was sent to wallets linked to Coinbase Prime, raising questions on whether the corporate is reshaping a few of its treasury as attention grows on its potential IPO.
Ledger Shuffle raises questions
This move is reportedly just the newest in a series of huge Bitcoin transfers involving wallets believed to be linked to SpaceX.
Analysts tracking the transactions say the pattern looks more like a move into institutional custody than a right away market sell-off, as Coinbase Prime is commonly utilized by large firms for storage and structured trades.
SpaceX is estimated to carry around 8,285 BTC, a supply price around $770 million based on current market prices. With this amount, the corporate is one among the most important private Bitcoin holders.
Records show the balance was higher at one point in 2022, although a few of it was reduced over time as a consequence of the continuation of transfers.
SpaceX(@SpaceX) just transferred an extra $1,021 BTC ($94.48 million) to Coinbase Prime for custody.https://t.co/zW62EKM2RD pic.twitter.com/PwBIvD5RaR
– Lookonchain (@lookonchain) December 10, 2025
SpaceX: IPO talk increases pressure
At the identical time, reports from major media outlets say that SpaceX is preparing for an IPO that might happen in 2026.
Reporting suggested the funding round could goal tens of billions of dollars, and estimates of the corporate's possible valuation range from $800 billion to greater than $1.5 trillion.
Elon Musk responded to one among the reports on social media, saying the data was accurate, adding further weight to expectations that a stock market listing was planned.
Since firms often adjust their balance sheets before a public offering, it wouldn't be unusual to maneuver cryptocurrencies to institutional platforms, analysts said. This could also be for audits, custody requirements, or general Treasury preparation prior to large financial transactions.
BTCUSD is now trading at $90,174. Chart: TradingView
What the move could signal
A transfer to Coinbase Prime doesn’t robotically mean that a Bitcoin sale will happen. Institutional accounts can hold assets for long periods of time without sending them on to the open market.
Traders monitoring the activity say only an actual sale – not a custody transfer – would put immediate pressure on Bitcoin prices.
Still, the timing is striking. The recent increase of 1,021 BTC comes at a time when SpaceX's on-chain activity has increased. Further transfers could follow as the corporate continues to arrange documents and financial disclosures related to a possible listing.
The major query now is whether or not the recent postponement was routine treasury work or part of a bigger strategy related to the IPO.
SpaceX has not made a public statement on the deal, leaving analysts to depend on blockchain data and regulatory reports to grasp what comes next.
Featured image from Unsplash, chart from TradingView
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