Follow UsMusk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
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21 Oct, 16:16
Source: Decrypt
AI Summary
A proposed merger between Tesla and SpaceX would consolidate approximately 30,221 BTC (~$2.5B) onto a single corporate balance sheet, highlighting ongoing institutional accumulation and strategic treasury management.
Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.