Bitcoin: Is Elon Musk Building a 30,221 BTC Empire?

Tesla and SpaceX are officially studying a possible merger. Elon Musk confirmed that the two companies have formed special committees of independent directors to examine the operation. No agreement has been concluded yet. For bitcoin, the merger would have an immediate paper effect: the two groups together hold 30,221 BTC, with 18,712 bitcoins at SpaceX and 11,509 at Tesla. It is no longer just analyst speculation. When releasing SpaceX’s results, Elon Musk confirmed that committees composed of independent directors from both companies are now examining a possible merger. The CEO had recently seen Tesla keep its 11,509 BTC despite the market downturn . Musk is in favor of the merger. However, he does not directly participate in the committees’ discussions because of his position in both companies.

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