Funding
Elon Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Elon Musk, CEO of SpaceX and Tesla, mentioned the formation of special committees to weigh a merger between the two companies. The combined Bitcoin holdings of Tesla (11,509 BTC) and SpaceX (18,712 BTC) total approximately 30,221 BTC, worth about $2.5 billion at Bitcoin’s recent price. This merger would place the combined entity among the top corporate holders of Bitcoin, trailing only a few other notable entities.