The Future of Crypto Treasury Management: SpaceX’s Bitcoin Strategy
SpaceX’s recent Bitcoin maneuvers have caught the attention of many. But what does this mean for the larger crypto treasury management landscape?
What Bitcoin Moves Did SpaceX Make Recently?
SpaceX has been in the spotlight for transferring 1,163 BTC, valued at about $105 million, from its internal wallet to two unknown destinations. This transfer has rekindled interest in the company’s Bitcoin holdings, which now total 6,095 BTC, estimated at around $553 million.
The transfers, uncovered through Coinbase Prime data, indicate a deliberate strategy for managing large cryptocurrency stakes. Rather than selling off assets, SpaceX seems focused on refining its approach to treasury management. This reflects a growing trend among…
