Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth

Musk said the boards of Tesla and SpaceX each formed committees to evaluate a possible tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC on a single balance sheet. The combined holdings are worth roughly $2.5 billion, based on the figures Musk disclosed about the two companies’ BTC reserves. The committees are assessing a transaction that would bring the two companies’ existing BTC holdings together in one balance-sheet total.