SpaceX is discussing a merger with Tesla, holding over 30,000 BTC in total

According to CoinDesk citing Bloomberg, SpaceX and Tesla may announce a merger as early as December, with the announcement possibly delayed until early 2027. The boards and advisors of both parties are formulating the terms of the deal and the management plan for the merged company. The two companies collectively hold approximately 30,220 BTC, with SpaceX holding 18,712 BTC as of the end of September and Tesla holding 11,509 BTC.

Based on the reported Bitcoin price of nearly $69,000 at the time of publication, the aforementioned holdings are valued at approximately $2.1 billion, accounting for about 0.06% of the combined market capitalization of the two companies, which is $34 trillion. The merger itself does not require either party to increase their Bitcoin holdings; it will only consolidate the existing holdings on both sides' balance sheets. Tesla's board has established an independent committee to evaluate the potential merger, and the transaction must receive the committee's recommendations and necessary shareholder approval; Tesla's annual shareholder meeting is scheduled for December 3.