Barclays Says Tesla, SpaceX Could Announce Merger Plan Before December
JH Kim
Summary
- Barclays said Tesla and SpaceX could announce a merger plan before December.
- It said the two companies' combined Bitcoin (BTC) holdings are estimated at 30,221 BTC if they merge.
- That would rank the merged company as the sixth-largest corporate Bitcoin holder in the world, though no merger plan has been officially announced.
Forecast Trend Report by Period
Tesla and SpaceX, both led by Elon Musk, could announce a merger plan before December, according to a Barclays outlook.
Bitcoin Magazine reported on October 16 that Barclays sees Tesla and SpaceX announcing a merger plan before the end of the year.
If the two companies merge, their combined Bitcoin holdings would total 30,221 BTC.
That would make the merged company the world's sixth-largest corporate Bitcoin holder, the analysis showed. No merger plan has been officially announced.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.