As Wall Street signals bullish sentiment for Tesla Inc. (NASDAQ: TSLA) and Space Exploration Technologies Corp. (NASDAQ: SPCX) stock on a potential merger report, their Bitcoin (BTC) holdings could hit over 30,000 coins.
As of October 20, 2026, SpaceX and Tesla collectively control 30,221 Bitcoin, according to data Finbold compiled from CryptoQuant. With BTC trading at about $81,840 at the time of reporting, their BTC trove is worth $2.47 billion.
Specifically, SpaceX holds 18,712 BTC, valued at approximately $1.53 billion at the time of publication.
Meanwhile, Tesla’s Bitcoin controlled crypto account has 11,509 BTC, with a current market value of $941.89 million.
Elon Musk supports merger for SpaceX and Tesla on AI push
The unification of Tesla and SpaceX has gained traction among Wall Street analysts, including a upgrade at CLSA.
Furthermore, Elon Musk, CEO of Tesla and founder of SpaceX, endorsed the move during SpaceX’s Q3 2026 investor call on October 20, asserting that combining the two entities holds substantial merit as they navigate the superintelligence singularity.
“I don’t think we necessarily should assume that this merger is a certainty. I think it would be overstating it. Do I think it would be a good idea? Yes,” Musk said.
Bitcoin price performance on October 22
BTC price has gained bullish momentum over the last six months, as SpaceX and Tesla are among the publicly traded companies that have so far purchased 1.36 million BTC for treasury management, as per metrics from CoinMarketCap.
With Bitcoin gaining firm institutional validation amidst ongoing headwinds in equities, its price is exceptionally well positioned to capitalize on sustained demand pressing against a mathematically capped supply.
Featured image via Shutterstock
