Tesla and SpaceX merger talks could create a combined Bitcoin treasury worth over $3.3 billion.
Crypto News
Elon Musk has discussed combining Tesla and SpaceX amongst colleagues, CNBC reported on May 27, citing people familiar with the conversations. Neither company has publicly confirmed any merger plans.
A current Tesla employee told CNBC that a combination of the two companies has been expected internally for some time and is openly discussed among staff. A separate person close to the situation said the growing overlap in power infrastructure and AI computing has increased collaboration between the firms.
A $3.3B Combined Bitcoin Position
Tesla currently holds 11,509 Bitcoin (BTC) on its balance sheet, according to public disclosures. SpaceX owns 18,712 BTC, based on blockchain treasury tracking data. A merged entity would control 30,221 BTC worth roughly $3.3 billion at current prices, placing it fifth among all public corporate holders of the cryptocurrency.
The combined treasury would trail only Michael Saylor's Strategy, Twenty One Capital, Metaplanet, and Marathon Digital Holdings. SpaceX is expected to begin trading on Nasdaq next month following its completed merger with Musk's AI company, xAI. The company secured a private market valuation of roughly $1.25 trillion earlier in 2026 ahead of that listing.
Tesla first disclosed BTC purchases in 2021 and briefly accepted the cryptocurrency as payment for vehicles. It later suspended that option over environmental concerns tied to mining activity.
A Tesla–SpaceX merger would consolidate businesses spanning electric vehicles, aerospace, AI, communications infrastructure, and payments under a single corporate structure. Musk has remained a prominent figure in crypto markets, with his public statements on BTC and Dogecoin (DOGE) frequently moving prices.
Texas Bank Wins National Charter To Challenge Wall Street in Crypto
United Texas Bank (UTB) has received approval from the Office of the Comptroller of the Currency (OCC) to convert from a Texas state charter to a national bank charter. CEO Scott Beck confirmed to CoinDesk on May 27 that the two conditions attached to that approval had been fully satisfied on the same day.
The conversion makes UTB one of the first banks to complete an OCC charter conversion since the Dodd-Frank Act passed 15 years ago, Beck said. The Dallas-based institution now carries the same federal licensure, full trust powers, and direct Federal Reserve wire and automated clearing house (ACH) access as money-center banks, while retaining its existing FDIC insurance.
UTB has operated under a Federal Reserve Consent Order since 2024 related to its Bank Secrecy Act (BSA) compliance infrastructure. The bank responded by building a proprietary system it calls UTB Prism Sentinel, which conducts real-time blockchain surveillance to manage BSA and Anti-Money Laundering (AML) risk.
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