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What Crypto Does Elon Musk Own? Top 3 Holdings

What Crypto Does Elon Musk Own? Top 3 Holdings

Elon Musk is one of the world’s most influential figures, best known as the co-founder and chief executive of electric vehicle carmaker Tesla. Musk has also founded a neurotechnology firm Neurolink, a tunnel construction service The Boring Company, a space exploration company SpaceX, and the artificial intelligence (AI) startup xAI.

Cryptocurrency is yet another industry that Musk is closely associated with. His influence over the crypto market is considerable, as his social media posts have shown the power to move digital asset prices.

What crypto does Elon Musk own in 2025? Let’s explore his personal crypto portfolio as well as the top Musk-inspired crypto projects.

Key Takeaways

  • Elon Musk has publicly confirmed owning Bitcoin, Ethereum, and Dogecoin despite speculation about other holdings.
  • He has been a vocal supporter of Dogecoin, calling it “the people’s coin” and working with developers to improve the network.
  • Tesla and SpaceX have integrated crypto into their businesses, with Tesla holding Bitcoin and accepting DOGE for select payments.
  • Musk has explored using blockchain technology for government efficiency under the Trump administration.
  • His influence on the crypto market remains strong as his tweets and policies affect investor sentiment.

What Cryptocurrency Does Elon Musk Own in 2025?

While there have been rumors about Musk holding various meme coins, he has only confirmed owning three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

1. Bitcoin (BTC)

Does Elon Musk own Bitcoin? Yes.

Musk’s first public mention of Bitcoin traces back to October 2014. At the time, Musk sat down for an on-stage interview with Walter Isaacson during Vanity Fair’s New Establishment Summit. At one point in the discussion, Isaacson asked the Tesla CEO whether he believed Bitcoin could disrupt fiat currencies. Musk responded:

“I think Bitcoin is probably a good thing. I think it’s primarily going to be a means of doing illegal transactions. But that’s not necessarily entirely bad. You know, some things maybe shouldn’t be illegal.”

He added that Bitcoin could be useful for legal and illegal transactions. “Otherwise, it would have no value as a use for illegal transactions because you have to have a legal-to-illegal bridge,” he said.

Musk first publicly revealed his Bitcoin holdings in 2021 during  “The B-Word” conference. He stated that both he and Tesla own Bitcoin.

He reiterated his crypto holdings in a tweet in October 2021, denying rumors that he owned SHIB.

2. Dogecoin (DOGE)

Musk has been Dogecoin’s biggest supporter, frequently tweeting about it and pushing for its real-world utility. The billionaire first tweeted about the original meme coin in 2019, saying that DOGE was his favorite cryptocurrency.

In 2021, he explained why he supports Dogecoin, a meme-inspired cryptocurrency that began as a joke in 2013. He said Dogecoin has become “the people’s coin” as many workers without financial knowledge own it.

In 2021, he also revealed that he had collaborated with DOGE developers since 2019 to improve the network. His advocacy has even led Tesla and SpaceX to accept DOGE for some payments.

3. Ethereum (ETH)

In 2019, Elon Musk stirred the crypto community by tweeting about Ethereum. His tweet simply said “Ethereum,” followed by “jk,” likely as a joke and possibly to avoid Twitter suspensions related to crypto scams.

At times, the billionaire has also engaged in discussions with Ethereum creator Vitalik Buterin. But overall, he hasn’t spoken about Ethereum as frequently as Bitcoin or Dogecoin.

Elon Musk’s Relationship With Crypto

Musk’s relationship with cryptocurrencies has been both supportive and controversial. Over the years, he has used his massive social media presence to discuss digital assets, often triggering market movements.

Specifically, Musk has been a vocal supporter of Dogecoin, even mentioning the meme coin during his Saturday Night Live monologue in 2021. Furthermore, his space technology firm SpaceX plans to launch DOGE-1, a space mission funded by Dogecoin.

Under Donald Trump’s presidency, Elon Musk has reportedly initiated discussions on integrating blockchain technology within the newly established Department of Government Efficiency as part of the new administration’s push to advance the digital asset industry.

According to a Fortune report, Musk, who leads the DOGE effort, has explored using blockchain for cost-cutting measures in government operations, including tracking federal spending, securing data, making payments, and managing buildings.

Elon Musk-Inspired Cryptocurrency Projects

Although the information about Elon Musk’s investments in cryptocurrency is limited, his prominence in the tech world made him the inspiration model for numerous crypto projects.

As of February 10, 2025, Musk-related cryptocurrencies had a combined market capitalization of $37.55 billion.

Name Price Market Cap
Dogecoin (DOGE) $0.2528 $37.41 billion
Dogelon Mars (ELON) $0.00 $119.7 million
Grok (GROK) $0.00 $18.56 million
Department Of Government Efficiency (DOGE) $0.00 $204,740

Source: CoinMarketCap

Tesla’s Crypto Investments

Musk’s interest in crypto has led his firm to explore various crypto initiatives. For one, in early 2021, Tesla purchased $1.5 billion worth of Bitcoin to “diversify and maximize returns” on cash not reserved for operations.

While the company paused BTC payments, Tesla still holds Bitcoin on its balance sheet. Additionally, Tesla accepts Dogecoin for select merchandise, reinforcing Musk’s ongoing support for crypto adoption.

According to Bitcoin Treasuries, Tesla’s total Bitcoin stash stood at 9,720 BTC as of February 10, 2025. Tesla’s average purchase price per Bitcoin was $34,722, and with Bitcoin’s recent surge in value, the company’s holdings have yielded a profit of 181%.

Why Elon Musk’s Crypto Portfolio Matters

Musk’s influence on the crypto market is undeniable. His tweets have caused Bitcoin and Dogecoin price surges, and his companies’ policies have impacted institutional adoption.

Anndy Lian, an intergovernmental blockchain expert, told Techopedia:

“Tracking Elon Musk’s crypto portfolio isn’t just about following a billionaire’s investments – it’s about understanding a market-moving force that can shape the entire crypto ecosystem.”

He added:

“Musk isn’t your average investor; he’s a cultural phenomenon with the power to sway sentiment, influence prices, and even alter the trajectory of digital assets with a single tweet or public statement.”

Musk’s impact is significant because of his ability to connect crypto enthusiasts and the mainstream. Lian said: “His holdings validate the space, but they also highlight its volatility and susceptibility to external forces.”

Lian further noted that tracking Musk is essential for investors, regulators, and analysts to understand the evolving dynamics of crypto adoption and governance. He added:

“In short, Musk isn’t just a player in the market; he’s a catalyst for its transformation.”

Given the changing regulatory landscape under Trump, Musk’s future moves in crypto could further change the market.

Whether he expands his holdings beyond BTC, ETH, and DOGE or takes a stance regarding any specific crypto policy, he could significantly impact the crypto space.

The Bottom Line

There have been speculations about Musk holding various cryptocurrencies. However, he has only publicly acknowledged owning Bitcoin, Ethereum, and Dogecoin.

As the crypto market evolves under the Trump administration, Musk’s role in the space is still one to watch. Whether he shakes things up with new investments or takes a stance toward crypto-related policies, his influence on the digital asset world isn’t fading anytime soon.

Source: https://www.techopedia.com/what-crypto-does-elon-musk-own

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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WEEX Set to Shine at Consensus HK as 2 Block Sponsor, Leads the New Crypto Trading Trend of AI

WEEX Set to Shine at Consensus HK as 2 Block Sponsor, Leads the New Crypto Trading Trend of AI

On February 19, the globally leading cryptocurrency trading platform WEEX will appear at Consensus HK 2025 as a 2 Block Sponsor. At this globally recognized blockchain event, WEEX will join industry leaders, investors, and technology experts to explore the future of Web3 and crypto trading. As one of the most significant conferences in the crypto industry, Consensus attracts top professionals worldwide each year, driving innovation and development in digital assets.

During the event, WEEX Vice President Thomas Kay will be joined by renowned industry author Anndy Lian for a special keynote, providing in-depth insights into WEEX’s user growth, trading volume, ecosystem expansion strategies, and the future of the WXT token, while also sharing the platform’s latest global market expansion strategies. Additionally, WEEX will engage with thousands of blockchain experts, developers, investors, and corporate representatives to explore how AI is empowering crypto trading and driving rapid industry growth.

Notably, WEEX has announced that 20% of its quarterly platform profits will be allocated for buybacks and burns of $WXT to reduce market circulation and enhance token scarcity. In the first round, 4 billion WXT, accounting for 40% of the total supply and valued at over $120 million has already been burned. This deflationary mechanism establishes a strong foundation for WXT’s long-term value.

The newly released WXT Whitepaper outlines WEEX’s upcoming development direction, key future milestones, and its commitment to innovation, transparency, and continuous growth. Key highlights include an upgraded global expansion strategy, impressive ecosystem performance, and enhanced security and reliability. These improvements reflect WEEX’s ongoing efforts in globalization, ecosystem development, and security enhancement, underscoring its commitment to providing users with a superior trading experience.

As one of the fastest-growing emerging crypto exchanges, WEEX will leverage Consensus HK 2025 to showcase its trading system, security solutions, and ecosystem roadmap, while fostering deeper industry dialogue to drive global crypto market development. Looking ahead, WEEX plans to expand its global reach, explore more innovative solutions, and collaborate with industry partners to further develop the cryptocurrency ecosystem.

 

Source: https://beincrypto.com/weex-set-to-shine-consensus-hk/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Crypto ‘sniper’ makes $28M on CZ-inspired Broccoli memecoin

Crypto ‘sniper’ makes $28M on CZ-inspired Broccoli memecoin

A savvy cryptocurrency trader made almost $28 million in profit after buying the latest memecoins inspired by a Binance co-founder.

Changpeng “CZ” Zhao, co-founder and former CEO of Binance, revealed his dog’s name, “Broccoli,” on Feb. 13, sparking a wave of memecoins named after the Belgian Malinois.

Broccoli memecoins quickly took up residence on popular memecoin launch platforms, including Solana’s Pump.fun, where there are now at least 480 Broccoli-themed coins, and BNB Smart Chain’s Four.Meme, with at least 300 CZ-dog-themed coins.

An unknown crypto trader capitalized on the social media hype after Zhao’s announcement and bought almost every memecoin named Broccoli, wrote crypto intelligence firm Lookonchain, in a Feb. 14 X post, adding:

“A sniper made $27.8M by sniping the memecoin named after CZ’s dog (Broccoli)!”

“After CZ announced the name of his dog, this sniper sniped almost every meme coin named Broccoli. Then he distributed Broccoli to multiple wallets for selling using disperse […] In the end, this sniper earned a total of 27.8M $USDT,” added the post.

In industry slang, “sniping” refers to traders looking to capitalize on short-term or intraday opportunities, using technical indicators to find quick trading opportunities.

Despite their intrinsic lack of utility, memecoins have made millionaires among crypto traders.

In May 2024, another unknown trader capitalized on Pepe’s price gains, netting over $46 million worth of profit after generating an eye-watering 15,718-fold return on his initial $3,000 investment.

$28 million memecoin profit raises insider trading allegations

The $28 million profit raised some insider trading allegations among the crypto community.

Some of the traders’ wallet addresses are associated with the developers of some Broccoli memecoins, wrote pseudonymous crypto trader DoctorDeFi in a Feb. 13 X post, adding:

“For context, this is not a sniper but Broccoli dev. In total, he made >$50M.”

The thread showed three more crypto wallets potentially related to the Broccoli trader. The wallets had a combined value of over $34.2 million worth of stablecoins.

The Broccoli-themed memecoins saw widespread attention despite CZ stressing that he was not launching a memecoin of his own, adding that it’s “up to the community to do that (or not).”

Trump family memecoins spark investor hype, regulatory concerns

Investor excitement for memecoins has been increasing since President Donald Trump launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of his inauguration on Jan. 20.

However, industry watchers are concerned that the Trump family’s memecoins may invite more industry scrutiny from the Securities and Exchange Commission (SEC).

The presidential memecoin launch sets a “precedent that could blur the lines between celebrity, politics and finance,” according to Anndy Lian, author and intergovernmental blockchain expert.

This may challenge the SEC’s approach to crypto regulation in 2025, Lian told Cointelegraph:

“The question now is whether the SEC will tighten regulations to curb potential market manipulations or if they will adapt to this new reality by establishing clearer guidelines for such tokens.”

 

Source: https://cointelegraph.com/news/crypto-sniper-makes-28-m-cz-broccoli-memecoin

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j