Topic: Is Elon Musk Planning a New Bitcoin Strategy by Merging Tesla and SpaceX?

A combined $SPACE and Tesla entity would hold 30,221 BTC, placing it #6 on the list of public companies by Bitcoin holdings. This puts the merged company just behind MARA (35,577 BTC) and ahead of Bullish (22,000 BTC).

Other notable holders like Strive (36,818 BTC), Twenty One (43,514 BTC), and Metaplanet (44,000 BTC) are all within a 14,000 BTC margin. Consequently, a single substantial purchase could easily propel the Musk combo into the top 3.

In comparison, MicroStrategy ($MSTR ) holds a massive 848,517 BTC. This means the combined Tesla-SpaceX stash would only be about 3.6% of Michael Saylor’s holdings (or roughly 28 times smaller). Calculated at a Bitcoin price of $83k, this translates to approximately $2.5 billion versus MicroStrategy's $70 billion.

Ultimately, the most significant difference lies in the asset allocation relative to company size:

• MicroStrategy ($MSTRB ) operates essentially as a massive Bitcoin bet with a software company attached to it.

• On the other hand, a combined ~$3.5 Trillion rocket and automotive giant carrying $2.5 billion in Bitcoin represents a mere 0.07% exposure.

While this would give them one of the largest corporate balance sheets on the list, it also represents the lowest Bitcoin conviction per dollar. For now, Bitcoin remains a secondary asset for Elon Musk, while Michael Saylor continues to dominate the corporate Bitcoin playbook