SpaceX has moved another $94M in Bitcoin, extending its steady weekly transfer pattern. The latest transaction fuels speculation over the company’s crypto strategy and treasury management.
SpaceX has transferred roughly $100 million in Bitcoin to institutional wallets, prompting speculation the firm is preparing formal custody arrangements or internal treasury shifts to secure crypto holdings.
SpaceX Prepares for Groundbreaking Spacewalk: Polaris Dawn Mission
SpaceX and its crew are poised for a groundbreaking spacewalk as part of the highly anticipated Polaris Dawn mission. This daring venture aims to push the boundaries of human spaceflight and demonstrate the company’s capabilities in deep space operations. Led by Jared Isaacman, the mission’s crew of four will embark on a five-day journey, including an unprecedented spacewalk. This mission represents a significant milestone in SpaceX’s ambitious plans for future space exploration.
SpaceX’s announcement of cashing out Bitcoin worth more than $1 billion resulting in a massive sell-off on Tuesday has further exacerbated the situation in the already declining crypto market, causing liquidations to surpass $1 billion.