Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth

Elon Musk announced that both Tesla and SpaceX have initiated the formation of committees to evaluate a potential merger. Should this consolidation proceed, it would result in the combination of their substantial Bitcoin holdings onto a single corporate balance sheet. Specifically, Tesla's 11,509 BTC and SpaceX's 18,712 BTC would merge, representing an approximate total value of $2.5 billion. This move would create a significant Bitcoin treasury under a unified corporate entity.