On October 22, Musk stated during SpaceX's third-quarter earnings call that both the SpaceX and Tesla boards of directors had established special committees of independent directors to evaluate the possibility of a merger between the two companies, but he emphasized that it cannot yet be determined whether the transaction will definitely be completed. According to Tesla's latest quarterly filings and SpaceX's S-1 filing submitted prior to its listing, the two companies hold 11,509 and 18,712 Bitcoin respectively, totaling 30,221 Bitcoin. At a Bitcoin price of approximately $83,000, the total value is around $2.5 billion. The total cost basis for the Bitcoin holdings of both companies is approximately $1 billion, with an average purchase price of about $35,000 per coin. If the merger is completed, these Bitcoin holdings will be consolidated onto a single balance sheet, making the merged entity one of the largest corporate holders of Bitcoin globally, second only to a few major holders such as Strategy. However, neither company has currently signaled any intention to increase or reduce their Bitcoin positions, and the merger remains under evaluation.
SpaceX and Tesla collectively hold 30,200 BTC
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