SpaceX has quietly strengthened its position in the crypto market, moving US$95 million in bitcoin as part of what insiders say is now a US$300 million digital asset reserve linked to its upcoming IPO plans. The transfer, spotted on-chain, signals how deeply the company has embedded bitcoin into its broader financial strategy at a time when investor attention around the anticipated listing is intensifying.
The latest movement adds to earlier transactions traced to wallets associated with the aerospace giant, reinforcing speculation that SpaceX is building one of the largest corporate bitcoin treasuries outside the tech sector. Industry analysts say the company appears to be positioning bitcoin as a strategic asset, potentially using it to diversify reserves, hedge against macro volatility, or strengthen its balance sheet ahead of what is expected to be the world’s biggest initial public offering.
While SpaceX has not publicly commented on the holdings, the company has a history of crypto engagement through founder Elon Musk, whose pro-bitcoin stance and prior moves at Tesla continue to sway markets. The scale of these recent transfers suggests the company is formalising its approach rather than merely experimenting.
The development comes as bitcoin trades in a period of heightened activity among institutional buyers, with liquidity surging and treasury adoption rising. SpaceX’s deepening involvement signals growing confidence from major corporations that digital assets can coexist with large-scale capital market ambitions.
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