SpaceX Moves $105 Million Bitcoin to Coinbase Prime Wallet, Signaling Custody Reshuffle

SpaceX has transferred approximately $105 million worth of Bitcoin to a new wallet linked to Coinbase Prime, following a similar move in October. This reorganisation comes after years of inactivity for the company’s wallet, which currently holds 6,095 BTC down from its peak of 25,000 BTC in 2022. Experts believe this is likely part of an internal restructuring rather than a liquidation, with Tesla holding 11,509 BTC despite market fluctuations.