Key Takeaways
- SpaceX transferred nearly $100 million worth of Bitcoin as part of its crypto treasury management.
- The company is among several major corporations actively adjusting their custody strategies for digital assets.
SpaceX, Elon Musk’s space exploration company, moved 1,083 Bitcoin worth approximately $100 million today, according to Lookonchain. The move is likely the latest in a series of custody shifts by the company as it manages its crypto treasury holdings.
SpaceX ranks among privately held companies maintaining Bitcoin in their treasury and had resumed wallet activity after periods of dormancy. The company has been actively transferring Bitcoin to Coinbase Prime-linked wallets as part of ongoing custody adjustments.
Coinbase Prime serves as a custody platform for institutional clients managing crypto assets, facilitating secure storage and transfers through its institutional services. The platform has been involved in recent Bitcoin movements by major corporations looking to enhance security and management of their digital asset holdings.
Source: https://cryptobriefing.com/spacex-bitcoin-shift-coinbase-prime/
