Funding
Tesla and SpaceX Could Unite $2.5B in Bitcoin
Tesla and SpaceX hold a combined total of approximately 30,221 Bitcoin (BTC), worth about $2.5 billion. Elon Musk has proposed a merger between the two companies, but no agreement or shareholder approval has been reached yet. Analyst Scott Melker notes that the merger would not create new demand for Bitcoin, as it merely consolidates existing holdings without plans for additional buying or selling.