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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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What’s cbBTC and Why Does It Matter?

What’s cbBTC and Why Does It Matter?

There’s always a new term or trend flying around in crypto. Since it’s our goal to be the kindergarten of crypto, you can trust us to explain it to you in the easiest way possible. So what’s the new rave in town? It’s cbBTC

Now, cbBTC is a form of wrapped Bitcoin proposed by Coinbase. What are wrapped Bitcoins (WBTC)? Wrapped Bitcoin is a version of Bitcoin that’s compatible with Ethereum’s blockchain. It’s like a digital cover that allows Bitcoin to be used in Ethereum-based apps.

So, Coinbase, the second-biggest crypto exchange, recently talked about releasing its own wrapped Bitcoin called cbBTC. There’s a lot of excitement about this. And some people think this could even be a huge win for DeFi and investors at large.

What’s the background?

Coinbase sold the idea of cbBTC in a tweet it shared on X on August 13. The exchange posted a ticker of the new cbBTC, along with the message “coming soon.” Jesse Pollak, who runs Base, also shared a post about Base’s plans to build a strong Bitcoin economy on Base.

So, Coinbase is taking advantage of the drama around wrapped Bitcoin to launch its version. Wrapped Bitcoin is currently in muddy waters over its planned restructure. BitGo, the company behind WBTC, plans to transfer control of WBTC to a joint venture with BiT Global and Justin Sun.

Sun is the guy behind Tron, and to most people, he is controversial. BitGo’s restructuring plans aren’t liked by the crypto community. For one, it involves moving the custody of the Bitcoin underlying WBTC outside the U.S. Also, some people are concerned about the lack of transparency in this new venture.

MakerDAO, one of the top DeFi platforms, is also considering whether to stop new DAI minting backed by WBTC in its Maker and SparkLend protocols. This means lots of instability for WBTC. We’ve seen other Sun-associated projects, like TrueUSD, get into trouble. That means the uncertainty around WBTC leaves room for Coinbase’s new cbBTC token. It could emerge as a better alternative for people interested in wrapped Bitcoin.

Why’s this a big deal for DeFi and crypto?

Coinbase’s cbBTC has already sparked massive excitement in crypto. Although there are no details yet, you can tell that it’s going to be massive. By expanding its tokenized asset offerings, Coinbase could reshape how we think about wrapped Bitcoin, especially as demand for tokenized Bitcoin on Ethereum-compatible chains continues to grow. And with its ownership of the Base layer 2 chain, onboarding people into DeFi will be easier than ever before.

Think about it: Coinbase already made waves with cbETH, a wrapped Ethereum token that launched in August 2022. With around 210,000 cbETH in circulation, it’s been a hit. So, if cbBTC follows in cbETH’s footsteps, we could see a major shift in the market.

Lots of crypto executives and thought leaders have positive expectations for cbBTC. Anndy Lian, a blockchain expert, believes cbBTC could offer a more transparent alternative to WBTC. Rena Shah, COO of Trust Machines, sees cbBTC as a huge opportunity for Bitcoin DeFi (BTCFi).

Shah believes that Coinbase’s massive user base alone could bring a significant number of new users to Bitcoin DeFi. And with recent interest in BTCFi, especially after the launch of the Runes protocol, the timing couldn’t be better.

 

 

Source: https://www.altcoinbuzz.io/top-article/whats-cbbtc-and-why-does-it-matter/

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

Does Biden Exit Mean a Lot for Crypto? Experts’ Insights

Does Biden Exit Mean a Lot for Crypto? Experts’ Insights

The shocking news of Joe Biden’s withdrawal from the 2024 United States presidential election race has sent shockwaves through the financial markets, including the crypto community, particularly concerning liquidations.

Such sudden political news caused significant market volatility. In the 30 minutes following President Biden’s announcement, around $67 million worth of leveraged long positions in the crypto market were sold, data on Coinglass showed.

Total liquidation of crypto assets in 1-hour time slots in the last 24 hours. Source: Coinglass

As former US president Donald Trump entered his presidential campaign with a seemingly obvious pro-crypto agenda, Biden’s exit brought a new surge of questions about the future of crypto, especially following Biden’s endorsement of Vice President Kamala Harris’ entrance into the presidential race.

We spoke to industry experts to see where their thoughts stand, on the future of the cryptocurrency industry ahead of the upcoming US presidential elections.

Key Takeaways

  • Biden’s unexpected withdrawal caused significant market volatility, leading to the liquidation of around $67 million worth of leveraged long positions within 30 minutes.
  • Investors are unsure whether the next administration will adopt a more stringent or lenient approach to cryptocurrency regulation, causing market volatility as they adjust their positions.
  • Trump’s entry into the presidential race with a pro-crypto agenda has fueled speculation that his potential victory could lead to favorable regulations and broader adoption of cryptocurrencies.
  • Harris’s position on cryptocurrency regulation remains unclear, adding to market uncertainty.
  • The outcome of the presidential election is expected to have a significant impact on the cryptocurrency market.

Crypto Markets Strongly React to Biden’s Exit

Cryptocurrency markets are known to react loudly and effectively to stressful political events, and Biden’s exit from the presidential election campaign was no exception.

During that time, the price of Bitcoin (BTC) fell by around 1.4% from $67,461.61 to $66,493.43. The cryptocurrency has been volatile ever since, falling to as low as $65,500 on July 23, 2024, and currently trading at about $66,000.

Anndy Lian, an intergovernmental blockchain expert and author of Blockchain Revolution 2030, told Techopedia that Biden’s “unexpected withdrawal introduced a level of unpredictability, causing investors to quickly adjust their positions” in the market. The immediate liquidation of long positions indicated that many traders were “caught off guard and moved to mitigate potential losses.”

On top of that, Biden’s endorsement of Kamala Harris has the potential to reshape the political landscape, further influencing market sentiment. Lian said:

“Investors might have perceived Harris as having different policy stances on cryptocurrency regulation compared to Biden, prompting a reassessment of the market’s future. This shift in political dynamics can lead to volatility as traders speculate on how new leadership might impact the regulatory environment for cryptocurrencies.”

Ben Kurland, the CEO of crypto research and charting platform DYOR, added that Biden’s announcement is largely seen as a positive within the crypto community, which was also reflected in BTC’s price which gained about 2.8% after falling by 1.4% post-announcement.

“Investors reacted strongly to the news as Biden’s exit signals a shift in future regulatory policies. The prospect of a new administration with positive views on cryptocurrency is seen as a bullish sentiment. This development indeed suggests that the upcoming elections could have a much larger impact on the crypto market than previously anticipated.”

Biden’s Decision Triggered Uncertainty Over Future Regulations

The relationship between the US and its regulatory policies regarding cryptocurrency markets is a never-ending story, and Biden’s decision to exit the presidential race has certainly opened up new concerns about where regulatory policies, economic strategies, and international relations could be headed in the future.

“Cryptocurrencies are particularly sensitive to regulatory news. Under Biden’s administration, there were ongoing discussions and actions regarding the regulation of digital assets. His exit could mean a potential shift in regulatory approaches depending on who succeeds him.

“Investors might anticipate either a more stringent or a more lenient regulatory environment, leading to volatility in the market as they adjust their positions based on these expectations,” Lian noted.

Vijay Pravin Maharajan, the CEO and founder of bitsCrunch, an AI-enabled decentralized blockchain data network, added that following Biden’s announcement, investors could expect more of Trump’s crypto-friendly rhetoric, especially at the upcoming Bitcoin Conference in Nashville, where Trump is due to speak.

However, Maharajan also reminded that in the long term, the future of crypto will still hinge on progressive regulatory advancements and not just pure speculation.

Of course, Biden’s exit also means that investors and stakeholders will now closely be watching the new candidate’s stance on crypto regulation, as it has the potential to significantly influence market sentiment and investment strategies.

DYOR’s Kurland added that with Biden’s exit, many in the crypto industry are confident that Trump could win the elections.

Expectations For Trump’s Presidency on the Rise

Trump is using the hype surrounding cryptocurrencies to bolster his candidacy during presidential campaigns; however, industry experts note that current events could continue to favor him.

Alex Momot, the founder and CEO of Peanut Trade told Techopedia that while Biden’s exit might not play a significant role for the future of crypto, it could still affect Republican policies and the overall expectation that Trump could become the next president.

Momot added that in that case, regulations from the Vice President or rumors about Larry Fink could also play a very positive role in the crypto industry. In recent days, the New York Post reported that if Trump wins the elections, he could appoint BlackRock’s CEO, Larry Fink, as the next Treasury Secretary due to their shared history. However, Trump denied this possibility.

DYOR’s Kurland added that Trump has shown he is willing and able to support crypto, especially in his recent comments that BTC and other digital currencies “are very much here to stay.”

“If Trump wins, I believe it will not simply be an initial shock but will likely propel Bitcoin to new heights and allow for more innovation and growth in the sector in the US, which should time up nicely with an anticipated extension to this bull market cycle.”

However, all of this could also be very ambiguous as it highly depends on where Kamala Harris stands in relation to cryptocurrency policies.

Kamala Harris & Crypto: An Uncharted Territory

Speaking with Techopedia, Lian noted that Harris’s stance on cryptocurrency policies continues to remain ambiguous. However, in a recent interview with Decrypt, US entrepreneur and BTC enthusiast Mark Cuban noted that he has received a handful of questions about crypto from Harris’ campaign team.

Lian added that Harris does have a history of being tech-friendly, stemming from her time as District Attorney of San Francisco and Attorney General of California, where she engaged with the tech industry extensively. Thus, her background suggests she may have a more open and innovative approach to technology, including cryptocurrencies.

“Secondly, as Vice President, Harris has been part of an administration with a cautious but progressive stance toward digital assets,” Lian added. “The Biden administration has focused on balancing innovation with consumer protection and regulatory oversight. If Harris continues in this vein, we might expect her to support a regulatory framework that encourages innovation while ensuring market stability and protecting investors.”

Michael Brescia, the CEO and co-founder of Cerus Markets, agreed, noting that while Democrats tend to be more pro-regulation than Republicans, there is a slight possibility that Harris will take a more balanced approach toward crypto regulation.

However, since Harris is yet to outline her views on crypto regulation, it leaves much room for speculation.

BitsCrunch’s Maharajan added:

“Given the plaudits that Trump has received from the crypto community, the Harris campaign should at the very least outline their plan for fostering crypto innovation on US soil. Talk of overly restrictive policies would certainly dampen market momentum.”

The Bottom Line

After speaking with some pro-crypto experts, Lian noted that the general sentiment within crypto circles is that Trump could win the current US presidential election, especially given the ongoing aftermath of Biden’s exit.

“To be very honest, I did a quick poll and most of my pro-crypto friends are all assuming that Trump will win. Most of them do not care about Harris. Maybe this is also an Elon Musk effect.”

Biden’s exit has definitely added a “wild card” to the election campaign, Cerus Markets’ Brescia added, making the outcome much harder to predict than ever before. On the contrary, he believes that the current events have led Trump’s odds of winning the election to decline.

One thing stands clear, however: no one can predict the direction of the crypto markets unless Harris opens up about her stance on crypto regulations.

 

Source: https://www.techopedia.com/what-does-biden-exit-mean-for-crypto

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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