Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.
This is the summary Decrypt publishes in its feed. The full article lives on their site.
Formed with the Dogecoin Foundation and led by MyDoge founder Jordan Jefferson, the new company consolidates the MyDoge wallet, DogeOS app platform, and Such App to build an economy around DOGE.
Their disclosed bitcoin positions would together rank sixth among CoinGecko’s tracked public companies. Musk says no transaction terms have been agreed.
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Redemption requires an eligible, verified Backpack account, and transfers from Backpack to another brokerage are not yet supported.
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