SpaceX moves 1,163 Bitcoin to Coinbase Prime-linked wallet
NeutralCryptocurrency

- SpaceX has transferred 1,163 Bitcoin, valued at approximately $105 million, to a new wallet linked to Coinbase Prime, reducing its on-chain holdings to 6,095 BTC. This move comes after a period of dormancy for the transferred assets, indicating a potential custody reshuffle rather than a sale of the cryptocurrency.
- The transfer is significant for SpaceX as it reflects a strategic adjustment in its cryptocurrency management, potentially positioning the company to better navigate the evolving landscape of digital assets and institutional investment.
- This development aligns with a broader trend of institutional players, including BlackRock and MARA Holdings, engaging in substantial transactions with Coinbase Prime, suggesting a growing integration of cryptocurrency into traditional financial frameworks amidst market volatility.
— via World Pulse Now AI Editorial System

