Decrypt· Decrypt Staff·· 10d ago
Musk's potential SpaceX-Tesla merger would combine 30,221 BTC into a major corporate treasury
Original source: DecryptRead original
AI brief
Elon Musk's floated merger between SpaceX and Tesla would unite their combined 30,221 BTC, valued at roughly $2.5 billion near Bitcoin's recent price of $83,000. Tesla reported 11,509 BTC in its latest quarterly filing, while SpaceX disclosed 18,712 BTC in its S-1 filing ahead of its June IPO. Musk cautioned that the deal is not a certainty, and neither company has signaled buying or selling; the combined entity would become one of the largest non-mining corporate Bitcoin treasuries, subject to public disclosure and fair-value accounting.
Source: Decrypt · decrypt.co