Musk explores SpaceX-Tesla merger, combined Bitcoin holdings top $2.5 billion

Elon Musk’s proposed merger of SpaceX and Tesla has drawn heightened interest, not just for the integration of aerospace and electric vehicle technology, but for what it means in the world of corporate Bitcoin treasuries. If the two companies were to unite, their cumulative Bitcoin holdings would exceed 30,000 BTC, valued at approximately $2.5 billion based on recent market prices. On SpaceX’s third-quarter earnings call, Musk confirmed that both companies’ boards have established special committees comprised of independent directors to evaluate a potential merger.

Source: CoinTurk News