Tesla and SpaceX Boards Weigh Merger That Would Pool Their Bitcoin Holdings
Elon Musk said the boards of Tesla and SpaceX have each formed committees to study a possible merger. Together, the two firms hold 11,509 BTC and 18,712 BTC, roughly $2.5 billion in total, which would sit on one balance sheet. The plan is still under review, but it could make the combined company a major corporate bitcoin holder.
Why it matters
- Tesla holds 11,509 BTC and SpaceX holds 18,712 BTC, according to Musk's remarks.
- The combined bitcoin would sit on a single balance sheet, worth roughly $2.5 billion.
- A large corporate holder could draw attention to how companies hold bitcoin on their books.
What to watch next
Watch for a formal decision from the Tesla or SpaceX board on whether to move ahead with the merger.
