Musk backs Tesla-SpaceX merger that would hold 30,221 BTC
- —SpaceX Q3 revenue jumped 161% to $14.6 billion, with AI segment contributing $7.6 billion
- —SpaceX holds 18,712 BTC and Tesla 11,509 BTC, for a combined 30,221 BTC
- —Approval in Tesla requires 50% of all outstanding shares, not just votes cast
- —Musk is recused from talks due to a conflict of interest
Why it matters: A merger would create the sixth-largest public bitcoin holder and deepen ties between major tech firms and the crypto market.
Source: CryptoHamster