Tesla's Bitcoin Holdings Rise to $962M on Price Alone as SpaceX Merger Talks Begin
- —The $288 million increase was an unrealized gain, implying near-zero net BTC trading
- —Tesla's 11,509 BTC cost $386 million, leaving about $576 million in paper profit
- —SpaceX holds 18,712 BTC bought for $661 million, valued at $1.573 billion
- —Combined 30,221 BTC worth $2.535 billion would rank sixth among public companies
Why it matters: Both treasuries remain passive, but a merger could create the sixth-largest corporate Bitcoin holder and set a treasury policy for 30,221 BTC.
Source: Coindoo