Tech tycoon Elon Musk’s SpaceX has moved millions of dollars’ worth of Bitcoin as the company plans for an IPO in 2026. SpaceX began adding BTC to its balance sheet in 2021 but liquidated 70% during recent collapses. Bloomberg reported SpaceX aiming to raise over $30 billion in the IPO.

According to on-chain analytics, SpaceX transferred 1,021 BTC worth $94.48 million to Coinbase Prime. The company has frequently moved Bitcoin to different custodians post-July 24. SpaceX’s total holdings were 3,991 BTC worth over $367 million. Bitcoin’s current value stands at $91,879.78, up 2% in the last 24 hours.

SpaceX’s IPO plans could be delayed to 2027 based on market conditions. The company’s recent Bitcoin movements indicate strategic financial decisions. Bitcoin’s volatility and recent struggles to recover from previous highs may impact SpaceX’s investment decisions. Musk’s influence and SpaceX’s financial moves continue to be closely watched.

Read more at Yahoo Finance: Elon Musk’s SpaceX moves millions in Bitcoin amid IPO reports