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SpaceX Transfers $100 Million in Bitcoin for Custody Management
Source: CryptoBriefing Original Title: SpaceX moves $100 million in Bitcoin, possibly for custody arrangements Original Link: https://cryptobriefing.com/spacex-bitcoin-shift-coinbase-prime/
SpaceX Transfers $100 Million in Bitcoin for Custody Management
SpaceX, the space exploration company, moved 1,083 Bitcoin worth approximately $100 million, according on-chain monitoring data. This move represents the latest in a series of custody adjustments by the company as it manages its crypto treasury holdings.
SpaceX ranks among privately held companies maintaining Bitcoin in their treasury and has resumed wallet activity after periods of dormancy. The company has been actively transferring Bitcoin to institutional custody solutions as part of ongoing treasury management optimization.
Institutional custody platforms play a key role in helping major corporations enhance security and management of their digital asset holdings. The trend of corporations adjusting their crypto custody strategies reflects growing maturity in how businesses approach digital asset stewardship.