Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI
Burns Brief
Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push.
Key Takeaways
- Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push