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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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Elon Musk, Crypto Leaders Laud ‘Unplugging’ Of CFPB, Critics Push Back

Elon Musk, Crypto Leaders Laud ‘Unplugging’ Of CFPB, Critics Push Back

Elon Musk and the chiefs of some of the cryptocurrency industry’s key organizations have lauded the work being done by the Trump administration to “shut down” the Consumer Financial Protection Bureau (CFPB).

However, some crypto users decried the move, saying they were concerned about the Americans’ financial protection.

There has been increasing pushback from Democrats over the closure of the CFPB office announced by Acting Director Russell Vought. He told staffers to not come to the office and “not perform any work tasks” as the headquarters will be closed “this week.”

Musk, crypto leaders react

As news about Vought’s announcement spread, Musk took to X over the weekend to bid farewell to the CFPB. “CFPB RIP,” he wrote. Political commentator Gunther Eagleman commented, saying it was just another agency whose name had “nothing to do with what they do.”

The Tesla CEO responded, saying the financial watchdog “did above zero good things, but still need to go.”

Brian Armstrong, the CEO of crypto exchange giant Coinbase, said it was “the right call” to shut down the agency.

“The CFPB is unconstitutional on the face of it,” alleging further that it was “an activist organization that has done enormous harm to the country.”

Blockchain expert Anndy Lian said the CFPB was also “over reaching with other agencies.”

“Less bureaucracy, more freedom,” said veteran Bitcoiner Thutski.

Gemini exchange co-founder Tyler Winklevoss, known for his and his twin brother’s generous Bitcoin donation to U.S. President Donald Trump’s presidential campaign last year, posted a photo that showed the CFPB website with a 404 error. “CFPB Unplugged,” Winklevoss wrote.

Riot Platforms VP of Research Pierre Rochard said the CFPB “did not stop SBF and he is now in jail for fraud.”

SBF, or Sam Bankman-Fried, is serving 25 years for his role in the shocking collapse of the FTX exchange, which wiped out billions from the crypto market.

Warren protests with staffers outside the CFPB office

Since the Trump administration moved to cripple the agency, protests were staged outside the CFPB headquarters, with employees and supporters attending the demonstrations, including Sen. Warren.

Standing behind a podium, where the sign “hands off our CFPB” reads, Warren said the “fight” to retain the agency was for Americans who don’t want to get “scammed,” get chased off their homes in an “illegal foreclosure,” and for students who need to borrow money for their education “without getting defrauded.”

Behind the Massachusetts lawmaker were demonstrators holding up signs that read, “No one voted for Elon Musk,” “Elon bought the United States,” and many more to call out the crackdown.

Warren reiterated that only Congress — not Trump, nor Musk — had the power to “fire the financial cops.”

Trump slams CFPB, says Warren ‘used’ the agency

During Monday night’s question and answer session with the media, Trump was asked about his thoughts on Warren’s pushback over the CFPB’s shutdown.

“She used that [CFPB] as her little personal agency to go around and destroy people,” the president said.

Trump insisted that targeting the financial agency was “the right thing” to do.

“There was a bad group of people running it, but it was also a waste,” he added.

Some X users, crypto holders are divided over the move

While an increasing number of crypto leaders and figures have expressed support for the Trump administration’s move, some users on X are unsure whether it would be beneficial for the American public.

“Come on Brian. Great call for you and your billionaire friends, terrible for hardworking Americans who are barely protected already,” one crypto holder said in response to Armstrong’s post.

“It has done no harm. You probably never heard of it until a couple of days ago,” another said.

Project management expert Laurence Boorstein criticized Armstrong for claiming that the CFPB was an “unconstitutional” agency, saying the Coinbase CEO made such comments “based on self interest.”

One Bitcoiner slammed Winklevoss for making such comments about the agency’s shutdown, saying it only proved that the Gemini co-founder doesn’t care about clients.

It remains to be seen whether the CFPB will actually be shut down, or if the Trump admin will opt for an overhaul of the agency that ensures compliance in the U.S. financial realm.

 

Source: https://www.ibtimes.com/elon-musk-crypto-leaders-laud-unplugging-cfpb-critics-push-back-3763220

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

Elon Musk’s father targets $200M with new memecoin

Elon Musk’s father targets $200M with new memecoin

Errol Musk, the father of entrepreneur Elon Musk, revealed his intentions to enter the memecoin market, hoping to raise $200 million to support the Musk Institute, a for-profit think tank. His memecoin, dubbed Musk It (MUSKIT), quietly debuted on December 12, 2024, through a Middle Eastern cryptocurrency company but has since struggled to gain momentum.

The launch of MUSKIT comes on the heels of a resurgence in retail investor interest in celebrity-associated memecoins. This trend was recently highlighted by the introduction of the Official Trump (TRUMP) memecoin on January 18 and the Official Melania (MELANIA) token on January 19, both on the Solana network. These tokens have sparked renewed enthusiasm for memecoins among retail investors.

However, the Musk It token has not experienced similar success, with its value plummeting by over 52% since its launch. As of this morning, the token’s price stood at $0.02, with a market capitalization of $25 million, according to data from CoinMarketCap.

Errol Musk has made it clear that his son, Elon Musk, is not involved with the Musk It memecoin project. Despite the family name’s influence, the absence of Elon Musk’s direct support could limit the token’s potential for success. Anndy Lian, an author and intergovernmental blockchain expert, expressed skepticism regarding the memecoin’s prospects, suggesting that Elon Musk’s personal endorsement is a key driver for excitement in such projects.

The broader memecoin market remains a speculative space, with investors often attracted to the possibility of high returns. Memecoins are sometimes described as “lottery tickets of the digital world,” offering the chance of significant gains but also carrying the risk of substantial losses due to their inherent lack of utility.

While the Musk It token faces challenges, the memecoin market has seen instances of remarkable trading success. For example, one trader turned a $27 investment into $52 million during the Pepe memecoin rally, holding the investment for over 600 days. In another instance, a trader achieved a staggering 1,500-fold return on investment in just 10 hours with the Hyperfy (HYPER) metaverse token, turning $2,000 into $3.2 million on January 6.

 

Source: https://www.investing.com/news/cryptocurrency-news/elon-musks-father-targets-200m-with-new-memecoin-93CH-3841862

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