Add as a preferred source on GoogleSpaceX-Tesla Merger Talks Would Combine About 30,220 Bitcoin
SpaceX held 18,712 BTC at the end of September and Tesla held 11,509. The proposed merger would combine those holdings without requiring either company to buy more.
SpaceX and Tesla are discussing a merger that would bring together about 30,220 Bitcoin (BTC), worth about $2.1 billion at a bitcoin price of $69,102 at 2:04 a.m. ET (07:04 UTC) Nov. 13.
The deal would combine the companies’ existing BTC holdings without requiring either company to buy more. SpaceX held 18,712 BTC at the end of September, while Tesla held 11,509.
The companies may announce an agreement as soon as December, though the timing could move to early 2027. Their boards and advisers are working on possible deal terms and a plan for managing the combined company.
Tesla has formed an independent committee to assess a potential merger. Completion would require a recommendation from that committee and any necessary shareholder approval. Tesla’s annual shareholder meeting is scheduled for Dec. 3.
At the reported values, the bitcoin holdings would account for about 0.06% of the companies’ combined $3.4 trillion market value.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.