Musk Would Hold $2.27B in Bitcoin if SpaceX and Tesla Merged
SpaceX filings list 18,712 BTC and Tesla’s 10‑Q lists 11,509 BTC, a combined 30,221 BTC worth about $2.27 billion.
Company and SEC filings show SpaceX holds 18,712 BTC and Tesla holds 11,509 BTC. At current prices those holdings total 30,221 BTC, roughly $2.27 billion.
SpaceX disclosed the 18,712‑Bitcoin position in its IPO registration, reporting the coins were purchased in 2021 for $661 million and remained on the balance sheet as of Dec. 31, 2024, with a market value of about $1.45 billion. The IPO filing also indicates the company is seeking an approximate valuation of $1.75 trillion.
Tesla’s most recent Form 10‑Q lists 11,509 BTC, with a reported market value near $862 million. Combined, the two firms’ Bitcoin would place a merged public entity among the largest corporate Bitcoin treasuries and inside the top five of publicly traded companies by Bitcoin holdings based on current disclosures.
On‑chain analytics firms identified Bitcoin movements linked to addresses associated with the company in July and December that suggested a smaller public balance at those moments. The firm’s SEC filing reports the 18,712‑BTC allotment as of Dec. 31, 2024.
People familiar with internal discussions described extensive shared resources between the companies and noted that Musk has discussed folding the companies together: ‘The two companies already have a laundry list of shared resources, and Musk has discussed with colleagues the possibility of folding the companies together.’ Musk has previously consolidated his social media platform with his artificial intelligence unit and has considered further integrations.
Public filings list acquisition cost and current market value separately. For example, SpaceX reports a $661 million purchase cost for its Bitcoin position and a market value above $1 billion. Changes in Bitcoin’s market price move the dollar value of corporate holdings; recent trading has been above $70,000 per coin.
Musk has engaged publicly with cryptocurrencies and his companies first added Bitcoin to their balance sheets in 2021. He disclosed in 2020 that he personally owned about 0.25 BTC and has been a public supporter of the meme-based token Dogecoin.
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