Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Summary
Tesla and SpaceX are considering a corporate merger after forming dedicated committees to evaluate the combination. If completed, the deal would consolidate the substantial bitcoin holdings of both companies onto one unified balance sheet.
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.
Source: Read the full story at Decrypt
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