SpaceX has transferred over 1,000 BTC in a recent onchain transaction, continuing its ongoing wallet restructuring efforts. This activity, which involves moving funds to new SegWit and Taproot addresses, is seen as part of an internal reorganization rather than market trading. SpaceX's Bitcoin holdings, initially identified in 2024, are currently estimated at approximately 3,991 BTC, though this figure may not account for recent transfers. The restructuring comes as SpaceX prepares for a potential IPO in 2026, with a valuation that could reach up to $1.5 trillion. The shift to newer address formats is aimed at reducing transaction fees and enhancing security, aligning with the company's strategic financial management ahead of its public offering.