Musk is going to merge SpaceX and Tesla, and tuck 30,000 bitcoins into the same pocket.
On November 13, Bloomberg and CoinDesk confirmed that merger talks between SpaceX and Tesla are moving forward. The companies’ financial reports show that SpaceX holds 18,712 BTC and Tesla holds 11,509, for a combined total of 30,221 BTC, worth about $2.1 billion at the time.
But don’t get the wrong idea: this isn’t Musk buying the dip. An all-stock deal means neither side needs to spend cash to buy bitcoin; it simply brings the bitcoin already on both companies’ books onto the same balance sheet. SpaceX’s 18,000 BTC holdings were already there at the end of 2025. Earlier on-chain data tracked only a little over 8,000 BTC because of differences in disclosure—not because the company had secretly bought more recently.
After the merger, the new entity’s bitcoin holdings would rank fifth among publicly traded companies worldwide. But what the market really cares about is the integration of the businesses—AI, rockets, robotaxis, and humanoid robots—with a valuation heading toward $3.5 trillion. Bitcoin is simply being tucked into the same pocket along the way.
The deal could be announced as early as December, but it needs approval from shareholders representing 50% of Tesla’s outstanding shares—a high bar. What do you think this merger is: Musk bringing resources together, or another capital-markets narrative?
Follow me for updates on the merger talks and what happens next with the bitcoin holdings.
#SpaceX与特斯拉合并谈判涉30220枚比特币 $SPCXB $TSLAB $BTC
Disclaimer: The above content is compiled solely from public reports and does not constitute investment advice. Markets involve risks; make decisions with caution.
On November 13, Bloomberg and CoinDesk confirmed that merger talks between SpaceX and Tesla are moving forward. The companies’ financial reports show that SpaceX holds 18,712 BTC and Tesla holds 11,509, for a combined total of 30,221 BTC, worth about $2.1 billion at the time.
But don’t get the wrong idea: this isn’t Musk buying the dip. An all-stock deal means neither side needs to spend cash to buy bitcoin; it simply brings the bitcoin already on both companies’ books onto the same balance sheet. SpaceX’s 18,000 BTC holdings were already there at the end of 2025. Earlier on-chain data tracked only a little over 8,000 BTC because of differences in disclosure—not because the company had secretly bought more recently.
After the merger, the new entity’s bitcoin holdings would rank fifth among publicly traded companies worldwide. But what the market really cares about is the integration of the businesses—AI, rockets, robotaxis, and humanoid robots—with a valuation heading toward $3.5 trillion. Bitcoin is simply being tucked into the same pocket along the way.
The deal could be announced as early as December, but it needs approval from shareholders representing 50% of Tesla’s outstanding shares—a high bar. What do you think this merger is: Musk bringing resources together, or another capital-markets narrative?
Follow me for updates on the merger talks and what happens next with the bitcoin holdings.
#SpaceX与特斯拉合并谈判涉30220枚比特币 $SPCXB $TSLAB $BTC
Disclaimer: The above content is compiled solely from public reports and does not constitute investment advice. Markets involve risks; make decisions with caution.