SpaceX and Tesla together hold 30,221 BTC, about $2.5B. Strategy holds 28 times that.
Elon Musk said on SpaceX's earnings call Tuesday that both companies have set up special committees of independent directors to look at a merger. He called it a good idea but said shareholders have to back it, and the committees have not agreed on any terms.
SpaceX reports 18,712 BTC and Tesla 11,509. By our count on the BitcoinTreasuries list, the combined stack would rank sixth among public companies, behind Strategy (848,517), Metaplanet (44,000), Twenty One (43,514), Strive (36,818) and MARA (35,577). It would move ahead of Bullish at 22,000.
SpaceX alone already holds more bitcoin than Tesla, which reports its own quarter after the US close today.
A merger would move the coins onto one balance sheet. It would not buy a single new bitcoin.
$BTC
#Tesla #Bitcoin
NFA. DYOR.
Elon Musk said on SpaceX's earnings call Tuesday that both companies have set up special committees of independent directors to look at a merger. He called it a good idea but said shareholders have to back it, and the committees have not agreed on any terms.
SpaceX reports 18,712 BTC and Tesla 11,509. By our count on the BitcoinTreasuries list, the combined stack would rank sixth among public companies, behind Strategy (848,517), Metaplanet (44,000), Twenty One (43,514), Strive (36,818) and MARA (35,577). It would move ahead of Bullish at 22,000.
SpaceX alone already holds more bitcoin than Tesla, which reports its own quarter after the US close today.
A merger would move the coins onto one balance sheet. It would not buy a single new bitcoin.
$BTC
#Tesla #Bitcoin
NFA. DYOR.