Tesla-SpaceX merger could create 7th largest corporate BTC holder

A potential merger between Elon Musk's SpaceX and Tesla could create the seventh-largest corporate holder of Bitcoin, according to a report from CoinDesk. This analysis follows earlier reports from Reuters and Bloomberg that SpaceX is considering a merger with either Tesla or xAI ahead of its planned initial public offering (IPO). CoinDesk noted that SpaceX currently holds approximately 8,285 BTC (around $690 million), while Tesla holds 11,509 BTC (around $1 billion). A combined entity would possess nearly 20,000 BTC, making it the seventh-largest publicly traded holder of the cryptocurrency worldwide.