SpaceX Moves $31 Million in Bitcoin: Institutional Restructuring Takes Center Stage

Space Exploration Technologies, or SpaceX, has executed a series of significant Bitcoin transfers in recent days, with the latest move representing approximately $31 million worth of cryptocurrency. These transactions, totaling 4,337 BTC in October alone, mark a strategic restructuring of the company’s Bitcoin holdings. Blockchain analysts suggest that these moves could signal a larger-scale reorganization of SpaceX’s Bitcoin custody practices.