SpaceX moves $100 million in Bitcoin, possibly for custody arrangements
PositiveCryptocurrency

- SpaceX has moved $100 million in Bitcoin, potentially indicating a shift towards utilizing crypto custody solutions for secure asset management. This move reflects the company's growing engagement with cryptocurrency as part of its financial strategy.
- The transfer highlights the increasing importance of secure digital asset management for corporations like SpaceX, which are exploring ways to safeguard their investments in the volatile cryptocurrency market.
- This development aligns with a broader trend of institutional adoption of cryptocurrency, as seen with other corporations transferring significant amounts of Bitcoin to custodians, indicating a shift towards enhanced security and trust in digital assets.
— via World Pulse Now AI Editorial System







