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BTCC / BTCC Square / Coinbase News /
Coinbase Prime Handles Major SpaceX Bitcoin Transfer Amid IPO Preparations

Coinbase Prime Handles Major SpaceX Bitcoin Transfer Amid IPO Preparations

Author:
Coinbase News
Published:
2025-12-12 11:04:06
19
3

SpaceX's recent transfer of over 1,000 Bitcoin to Coinbase Prime custody has sparked significant market discussion, with analysts interpreting the move as strategic treasury management rather than a bearish signal on cryptocurrency.

SpaceX's $94M Bitcoin Transfer Sparks Speculation Amid IPO Rumors

SpaceX moved 1,021 bitcoin (worth approximately $94.48 million) to wallets linked to Coinbase Prime on December 10, according to blockchain trackers. The transaction fuels speculation about whether the aerospace firm is rebalancing its treasury ahead of a potential 2026 IPO. Analysts note the transfer aligns with institutional custody patterns rather than a market sell-off.

The company holds an estimated 8,285 BTC ($770 million), positioning it among the largest corporate Bitcoin holders. This follows earlier reductions in its stash during 2022’s market downturn. Meanwhile, SpaceX’s IPO preparations loom over the crypto movement, with observers parsing whether the transfer signals strategic positioning.

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