Tesla still holds 11,509 BTC, while SpaceX disclosed 18,712 BTC in its June IPO filing, bringing their combined holdings to 30,221 BTC worth around $2.5 billion. Elon Musk presented a potential merger between the two companies during SpaceX’s earnings call, saying that special committees of independent directors are studying the proposal. No agreement has been reached on the terms, and the transaction would require shareholder approval, including the backing of holders of 50% of Tesla’s shares. The merger would create no new demand for Bitcoin, since the assets are already held by the two companies and neither has indicated plans to buy or sell any.
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