The post Elon Musk’s SpaceX Moves $94M in BTC Amid IPO Plans appeared on BitcoinEthereumNews.com. SpaceX shifted a fresh batch of Bitcoin this month, moving 1,021 BTC valued at about $94.48 million. The transfer flagged by Lookonchain and described as likely linked to Coinbase Prime. The move adds to a recent sequence of large transactions tied to wallets tracked as SpaceX-related. SpaceX Bitcoin Transfers Follow a Repeat Pattern In an X post, Lookonchain cited a similar move on Dec. 5, when more than 1,000 BTC was sent to a brand-new address with no prior activity. After the latest transfer, the company’s known Bitcoin stash still stands at about $368.8 million, according to Lookonchain. The platform also pointed to another major shift on Nov. 26. That transfer was for 1,163 BTC and divided among two new wallets. 399 BTC was sent to one address and 764 BTC went to the other. Prior to those transfers, the huge Bitcoin transfer spotted by the platform was on Oct. 29 when 281 BTC exited a monitored wallet. Source: Arkham SpaceX did not provide a reason for the transfers. Lookonchain characterized the recent movement as probably related to Coinbase Prime, a product for institutional trading and custody. No public statement was made about the transaction. Musk Reflects on DOGE Role as IPO Plans Surface The Bitcoin activity comes as Elon Musk spoke about his time leading the Department of Government Efficiency, known as DOGE. In a podcast interview with Katie Miller, Musk said the effort stopped some wasteful spending. He also said the initiative brought heavy backlash, both political and personal. Musk said he would not return to DOGE. He said he wished he had spent that time focusing on Tesla and SpaceX instead. He also claimed Tesla faced vandalism and protests during the effort. Bloomberg reported SpaceX is pursuing a record-breaking initial public offering. The report said the company hopes… The post Elon Musk’s SpaceX Moves $94M in BTC Amid IPO Plans appeared on BitcoinEthereumNews.com. SpaceX shifted a fresh batch of Bitcoin this month, moving 1,021 BTC valued at about $94.48 million. The transfer flagged by Lookonchain and described as likely linked to Coinbase Prime. The move adds to a recent sequence of large transactions tied to wallets tracked as SpaceX-related. SpaceX Bitcoin Transfers Follow a Repeat Pattern In an X post, Lookonchain cited a similar move on Dec. 5, when more than 1,000 BTC was sent to a brand-new address with no prior activity. After the latest transfer, the company’s known Bitcoin stash still stands at about $368.8 million, according to Lookonchain. The platform also pointed to another major shift on Nov. 26. That transfer was for 1,163 BTC and divided among two new wallets. 399 BTC was sent to one address and 764 BTC went to the other. Prior to those transfers, the huge Bitcoin transfer spotted by the platform was on Oct. 29 when 281 BTC exited a monitored wallet. Source: Arkham SpaceX did not provide a reason for the transfers. Lookonchain characterized the recent movement as probably related to Coinbase Prime, a product for institutional trading and custody. No public statement was made about the transaction. Musk Reflects on DOGE Role as IPO Plans Surface The Bitcoin activity comes as Elon Musk spoke about his time leading the Department of Government Efficiency, known as DOGE. In a podcast interview with Katie Miller, Musk said the effort stopped some wasteful spending. He also said the initiative brought heavy backlash, both political and personal. Musk said he would not return to DOGE. He said he wished he had spent that time focusing on Tesla and SpaceX instead. He also claimed Tesla faced vandalism and protests during the effort. Bloomberg reported SpaceX is pursuing a record-breaking initial public offering. The report said the company hopes…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more