SpaceX and Tesla explore merger that would combine over 30,000 BTC into single treasury

SpaceX and Tesla are exploring a potential merger under Elon Musk, which would combine the companies' bitcoin holdings into a treasury of 30,221 BTC. Musk stated on Tuesday that both companies have formed special committees of independent directors to assess the tie-up, though no transaction terms have been agreed upon. SpaceX holds approximately 18,712 BTC and Tesla holds 11,509 BTC.