Crypto Currency

BlockDAG Nears $100M! XRP ETF Progress and Bitcoin Cash Updates

There are a few crypto coins to watch this month as demand for XRP grows, [……

There are a few crypto coins to watch this month as demand for XRP grows, [……
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Crypto Currency

Hyperliquid Enters Top 10 Crypto With New ATH, But How High Will It Be If It Overtakes Ethereum?

Hyperliquid (HYPE) recently broke into the top 10 cryptocurrencies by market capitalization, sitting alongside top players like Bitcoin (BTC) and Ethereum (ETH), after its price surged past $50 and set a new all-time high. Now, on-chain analytics platforms are showing what HYPE’s ultimate price could become if it surpasses Ethereum’s market cap. …

Hyperliquid (HYPE) recently broke into the top 10 cryptocurrencies by market capitalization, sitting alongside top players like Bitcoin (BTC) and Ethereum (ETH), after its price surged past $50 and set a new all-time high. Now, on-chain analytics platforms are showing what HYPE’s ultimate price could become if it surpasses Ethereum’s market cap. …
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Crypto Currency

Kraken Rolls out Bitcoin Vault With 2.5% APY for Long-Term BTC Holders in the US

Kraken launched Bitcoin Vault on Wednesday, giving long-term bitcoin holders a way to earn up to 2.5% annual percentage yield on idle BTC without selling or giving up price exposure. Kraken Bitcoin Vault Goes Live: BTC Holders Can Now Earn Yield The new product sits inside Kraken’s Earn suite alongside its existing decentralized finance (

Kraken launched Bitcoin Vault on Wednesday, giving long-term bitcoin holders a way to earn up to 2.5% annual percentage yield on idle BTC without selling or giving up price exposure. Kraken Bitcoin Vault Goes Live: BTC Holders Can Now Earn Yield The new product sits inside Kraken’s Earn suite alongside its existing decentralized finance ( [……
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Crypto Currency

Miami IT Worker Arrested in $1.9 Million Bitcoin Theft from Former Boss

Bitcoin Magazine Miami IT Worker Arrested in $1.9 Million Bitcoin Theft from Former Boss A Miami man is facing multiple felony charges after allegedly stealing nearly $2 million in bitcoin from a former employer, with the theft going unnoticed for years as the funds remained locked in a safe…

Bitcoin Magazine

Miami IT Worker Arrested in $1.9 Million Bitcoin Theft from Former Boss
A Miami man is facing multiple felony charges after allegedly stealing nearly $2 million in bitcoin from a former employer, with the theft going unnoticed for years as the funds remained locked in a safe…
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Crypto Currency

Elon Musk could become a top 5 corporate bitcoin holder if Tesla and SpaceX merge

Markets Elon Musk could become a top 5 corporate bitcoin holder if Tesla and SpaceX merge CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion. By Helene Braun| Edited by Nikhilesh

Markets

Elon Musk could become a top 5 corporate bitcoin holder if Tesla and SpaceX merge

CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.

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Summary

  • Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
  • A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
  • The talks come as SpaceX prepares to begin trading on Nasdaq following its merger with Musk’s AI company xAI, though neither Tesla nor SpaceX has publicly confirmed any merger plans.

Elon Musk could soon control one of the largest corporate bitcoin holdings in public markets if Tesla and SpaceX ultimately merge, according to reports surrounding ongoing internal discussions about combining the companies.

CNBC reported Tuesday that Musk has discussed with colleagues the possibility of folding Tesla and SpaceX together, citing people familiar with the talks. A current Tesla employee told CNBC that many workers at the electric vehicle company have long expected such a transaction to eventually happen and that the possibility is openly discussed internally.

Another person close to the company reportedly said growing overlap between the businesses — particularly around power infrastructure and computing constraints tied to artificial intelligence — has increased collaboration between the firms.

The potential merger would also create one of the largest corporate bitcoin treasuries in the world.

Tesla currently holds 11,509 bitcoin, while SpaceX owns 18,712 bitcoin, according to public disclosures and blockchain treasury tracking data. Combined, the companies would control 30,221 bitcoin worth roughly $3.3 billion at current prices.

That total would make the merged company the fifth-largest public corporate holder of bitcoin globally.

The combined holdings would trail only Michael Saylor’s Strategy (MSTR), bitcoin investment firm Twenty One Capital (XXI), Jack Mallers’ bitcoin-focused venture and bitcoin mining companies Metaplanet and Marathon Digital Holdings (MARA.)

SpaceX is also expected to begin trading on the Nasdaq next month after obtaining a private market valuation of roughly $1.25 trillion earlier this year following its merger with Musk’s artificial intelligence company, xAI.

A combination between Tesla and SpaceX would further tighten Musk’s growing network of interconnected technology businesses spanning electric vehicles, aerospace, artificial intelligence, payments and communications infrastructure.

Neither Tesla nor SpaceX has publicly confirmed merger plans.

Tesla first disclosed bitcoin purchases in 2021 and briefly accepted the cryptocurrency for vehicle payments before suspending the option over environmental concerns tied to bitcoin mining. Musk has remained one of the most influential public figures in crypto markets, often moving prices through comments on bitcoin and dogecoin (DOGE.)

Elon MuskSpaceX
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