Coinbase Prime Facilitates SpaceX’s Strategic Bitcoin Liquidity Move Amid IPO Buzz
On December 10, 2025, SpaceX executed a significant transfer of 1,021 Bitcoin (BTC), valued at approximately $94.48 million, to addresses associated with Coinbase Prime. This transaction, identified by blockchain analytics firm Arkham Intelligence, marks a notable reactivation of the aerospace giant's cryptocurrency treasury activity after a three-year period of dormancy. The move is part of a recently observed pattern of weekly $100 million-scale BTC movements by the company. Despite this transfer, SpaceX remains a titan in corporate Bitcoin holdings, retaining a balance of 8,285 BTC worth roughly $770 million, which solidifies its position as the world's fourth-largest private corporate holder of the digital asset. The timing of these liquidity events has ignited intense market speculation, with many analysts linking them to potential preparations for a highly anticipated SpaceX initial public offering (IPO). The use of Coinbase Prime, a platform designed for institutional clients requiring high-security custody and deep-liquidity execution, suggests a deliberate and strategic approach to managing these substantial digital asset reserves. This activity underscores the growing maturity of Bitcoin as a corporate treasury asset and highlights the critical role that regulated, institutional-grade platforms like Coinbase are playing in facilitating large-scale transactions for major enterprises. The market is closely watching whether this represents a routine portfolio rebalancing, a strategic fundraise in digital form ahead of public listing preparations, or a signal of SpaceX's evolving view on its long-term crypto holdings.
SpaceX Moves $94.5M in Bitcoin to Coinbase Prime Amid IPO Speculation
SpaceX transferred 1,021 Bitcoin (BTC) worth approximately $94.48 million to addresses linked to Coinbase Prime on December 10, 2025. The transaction, tracked by Arkham Intelligence, marks the latest in a series of weekly $100 million BTC movements by the aerospace company after three years of dormancy.
With 8,285 BTC ($770 million) still held, SpaceX ranks as the fourth-largest private corporate bitcoin holder. The transfers coincide with Bloomberg reports of a potential mid-to-late 2026 IPO that could value the company at $1.5 trillion.
Elon Musk distanced himself from previous cryptocurrency ventures during a recent podcast, stating he 'regrets his time with DOGE' and won't revisit the initiative. The split transfer—614 BTC and 407 BTC—landed in previously inactive addresses, suggesting institutional custody preparation.
Coinbase Integrates Solana DEX for Direct Token Trading in App Update
Coinbase has unveiled a transformative upgrade at solana Breakpoint, enabling users to trade any Solana-based token directly within its app via an integrated decentralized exchange (DEX). The move bypasses traditional listing delays, offering instant access to on-chain liquidity through a trusted interface.
"Millions of assets launch daily on-chain—this eliminates gatekeeping," said Coinbase Protocol Specialist Andrew. The feature supports funding via USDC, fiat rails, or debit cards, dramatically lowering barriers to Solana's fast-moving token economy.
Security concerns are mitigated as liquidity aggregates directly from Solana DEXs, reducing reliance on third-party platforms. Developers gain automatic exposure to Coinbase's user base provided their tokens meet liquidity thresholds, sidestepping centralized listing bottlenecks.
