SpaceX and Tesla have established committees of independent directors to evaluate a possible merger of the two companies. Elon Musk confirmed this on October 20, but no one has agreed on the terms of the transaction yet. In recent reports, both companies showed a total of 30,221 bitcoins.
- SpaceX and Tesla committees are discussing a merger at the request of shareholders. Musk does not participate in them because he has shares in both companies.
- Tesla had 11,509 BTC as of September 30, and SpaceX had 18,712 BTC as of June 30. At the exchange rate from October 22, it is approximately USD 2.56 billion.
- The merger does not involve the purchase or sale of bitcoins. No one has announced what the combined company would do with these coins.
Musk: weird kabuki dance
However, the merger is still a long way off. The committees did not agree on any terms, and Musk said the deal would have to be supported by 50% of all Tesla shares, not just a majority of voters.
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How many bitcoins do both companies have?
In the same report, Tesla reports 11,509 BTC as of September 30, purchased for $386 million and valued at $962 million. The number of coins has not changed since the end of 2025.
Tesla has already sold most of it once
The merger itself does not create new coins and is not a transaction in the Bitcoin market. Only the decision of the merged company to buy or sell would be important for the market, and nothing is known about such a decision yet.
