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SpaceX and Tesla Merger Talks Could Place $2.1 Billion of Bitcoin Under One Roof
According to CoinDesk, a combination of SpaceX and Tesla could be announced as soon as December, bringing $2.1 billion of bitcoin under a single corporate roof.
Scale of the bitcoin holdings
CoinDesk reports that a tie-up between the two companies could consolidate $2.1 billion of bitcoin within one organisation. The report presents that amount as only a small fraction of the value the merged group would represent.
Timing reported for an announcement
The same report points to December as the earliest month in which an announcement could come. The report is the only source the facts cite for the talks and their timing.
Background on SpaceX
SpaceX is a space company based in Hawthorne. It was founded in 2002.
Open questions
- Will the talks result in an announced deal in December?
- How would the bitcoin holdings be managed within a combined company?