Institutional Bitcoin Moves: SpaceX & BlackRock Make Major On-Chain Transfers

Today, the Bitcoin network saw significant institutional activity as two major players moved substantial amounts of BTC.

🐷 SpaceX transferred 1,021 BTC (approximately $100 million) on-chain, sending the funds to Coinbase Prime for custody.

Shortly after, BlackRock deposited 2,196 BTC (around $203 million) to Coinbase Prime as well.

These large transfers were identified by LookOnChain, highlighting the ongoing and growing involvement of institutional investors in the Bitcoin ecosystem.

Such movements underscore a broader trend: despite market volatility, major institutions continue to accumulate and secure Bitcoin through regulated custodial services, signaling confidence in the long-term value of BTC.

Read more at: https://primal.net/e/nevent1qqs0u4f89kpce20rrkwgh8qy6cjrhafdsaeczf3tu0rxmvq7r95pdhqw8qc9a