SpaceX Shifts $31.28 Million in Bitcoin: Custody Moves Indicate Institutional Maturity

Space Exploration and technology giant, SpaceX, has made significant transfers of its Bitcoin holdings, prompting analysis from crypto experts. The company’s recent actions suggest a strategic approach to securing its digital assets. A wallet linked to Elon Musk’s company executed a notable transfer, moving 281 BTC worth approximately $31.28 million to a new, independent address. This follows two previous transfers within the past ten days, indicating a deliberate strategy to manage the asset securely.