Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Summary
Elon Musk said independent board committees at Tesla and SpaceX are weighing a possible merger, which he cautioned is not certain. Their disclosed holdings total 30,221 BTC, worth about $2.5 billion at a Bitcoin price near $83,000, with an estimated combined cost basis of roughly $1 billion. A deal would consolidate the holdings under one public company, increasing scrutiny through quarterly disclosures and fair-value accounting. Neither company has indicated plans to buy or sell Bitcoin, and both have reported largely unchanged positions. The merger remains exploratory.
