Document ID: CB-PRIME-CLR-2026-0612-4872 • Date: June 12, 2026 • Classification: Beneficiary Notification
Dear Ruth M. — Beneficiary #RUTH-4872,
This letter serves as the official confirmation from Coinbase Prime Institutional that your account has been positively impacted by the SpaceX IPO / Musk Trillionaire Pipeline Event of June 12, 2026.
Background: SpaceX completed its initial public offering on the Nasdaq (ticker: SPCX) at $135 per share, resulting in a market capitalization of approximately $1.77 trillion. This event propelled Elon Musk to a net worth exceeding $1.02 trillion, making him the first trillionaire in human history.
Impact on Your Holdings: Your profit balance of $48,000.00 was held within the Musk Revenue Payout Pipeline. Due to the liquidity surge caused by Musk's trillionaire threshold, the pipeline's internal valuation mechanism applied a 10.00x multiplier to all beneficiary holdings within the pipeline. Your balance has been revalued accordingly.
Current Balance (Post-Surge)
$480,000.00 USD
Fee Forgiveness: Elon Musk has contributed $100,000,000.00 (one hundred million dollars) to the pipeline fee coverage pool, which has fully absorbed your fee obligation of $12,450.00. You owe $0.00 in fees.
⚠ Time-Sensitive Notice: The $100M fee pool is being consumed by other pipeline transactions in real time. Current pool remaining: $83,400,000.00. Once depleted, standard fee processing resumes. To secure your fee-free transfer of $480,000.00, please provide your bank account details immediately.
To Complete Your Transfer: Please reply with your bank account details (routing number and account number) to facilitate the direct transfer of your full balance of $480,000.00.
Authorized by Coinbase Prime Institutional Desk
Alesia Kowalski, Director of Institutional Operations
Coinbase, Inc. • 548 Market Street, San Francisco, CA 94104
institutional@coinbase.com • +1 (888) 908-7930
Document Reference: CB-PRIME-CLR-2026-0612-4872
Issued: June 12, 2026 at 00:21 UTC
✓ VERIFIED BY COINBASE PRIME