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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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Mr. Ling Ngai Lok, Chairman of Solowin Holdings, Joins Neurai as Board Advisor

Mr. Ling Ngai Lok, Chairman of Solowin Holdings, Joins Neurai as Board Advisor

Neurai is excited to announce the appointment of Mr. Ling Ngai Lok, Chairman of Solowin Holdings, as a Board Advisor. With a distinguished career in finance, fund management, and capital markets, Mr. Lok’s expertise will be instrumental as Neurai continues to push the boundaries of financial technology.

Mr. Lok has expressed strong confidence in Neurai’s financial AI model, which is utilized by COPX AI. COPX is run by a DAO and they are the first finance community that uses Neurai’s AI tech. He believes that Neurai’s advanced AI technology will play a pivotal role in bridging traditional finance with digital assets, transforming the financial landscape.

“I am very delighted that COPX DAO is deploying our AI model for their community. COPX has shown remarkable innovation in combining artificial intelligence with blockchain technology by using Neurai’s AI model, creating a robust platform where traditional financial systems meet modern cryptographic security and efficiency. We look forward to how COPX AI advances fintech development, providing their community with smarter, more efficient, and secure financial services,” said Mr. Lok.

As Chairman of Solowin Holdings, a versatile securities brokerage and investment banking company based in Hong Kong SAR, Mr. Lok has been instrumental in overseeing the operations of various funds, including the Grow World LPF and Solomon Capital Fund SPC. His expertise in finance, fund management, and capital markets has significantly contributed to the growth of Solomon in terms of capital.

Mr. Lok views artificial intelligence as a game-changer for the financial sector. He believes AI has the power to completely transform traditional finance by making decision-making faster and more efficient, cutting down operational costs, improving risk management, sparking financial innovation, and enhancing the overall user experience.

AI can quickly process and analyze huge amounts of data, helping financial institutions and investors make better and quicker decisions. Automated trading and smart customer service powered by AI can significantly reduce costs for financial institutions, boosting their efficiency. AI technology can also keep an eye on market risks in real-time, providing early warnings so that financial institutions can take timely action.

“We welcome Ling Ngai to the company and joining us as our board advisor. His experience will bring valuable input for the company.” said Mr Anndy Lian, Chairman of Neurai. Anndy also added that he had discussions with Mr Lok and both of them believe that the use of AI will lead to the creation of new financial products and services, driving innovation in the industry. Personalized financial services and intelligent customer service systems will greatly enhance the user experience, leading to higher user retention and satisfaction.

“Solowin Holdings (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, recently announced that the Company, through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”), strengthened its partnership with OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (863.HK) – Hong Kong’s only publicly listed company fully dedicated to digital assets. This partnership aims to facilitate the in-kind subscription and redemption processes essential for the successful deployment and management of Hong Kong’s first spot virtual asset exchange-traded funds (“ETFs”).”

Solomon is also among the first batch of SFC-approved participating dealers for this innovative in-kind subscription and redemption for spot virtual asset ETFs in Hong Kong. As a participating dealer, Solomon will facilitate the in-kind transactions, enabling investors to subscribe to or redeem ETF shares directly with the underlying digital assets, thereby significantly enhancing both the liquidity and accessibility of digital asset investments.

About Neurai

Neurai is an AI technology company based in Singapore, focusing on AI applications within the fintech sector. The company is dedicated to enhancing the efficiency and security of financial operations through AI-driven solutions.

 

 

Source: https://www.macaubusiness.com/mr-ling-ngai-lok-chairman-of-solowin-holdings-joins-neurai-as-board-advisor/

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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Decrypting the Solana Wallet attack and how investors can safeguard their crypto holdings

Decrypting the Solana Wallet attack and how investors can safeguard their crypto holdings

Solana’s hack is one of the major events that happened this week. These are my additional comments.

According to a tweet on Solana account. “There is no evidence the Solana protocol or its cryptography was compromised.” I think we should not take this lightly. I would expect a full postmortem later this week to address to the attack.

The addresses that were affected by the attack were at one point created, imported or used in the Slope mobile applications. Private key information was also accidentally sent to an application monitoring service. I think a decentralized network should stay independent and operate purely by codes. This can help to reduce similar problems.

Whether it is a bridge exploit or supply chain attack, the root problem is still uncertain. I would suggest users to create a new wallet, move their funds over to the new wallet and delete the old ones. Users for the time being can also consider moving their funds to the more reputable centralized exchanges or hardware wallets too. Keeping assets secure amid the uncertain situation is the best way for now.

I think the rest on the network should check on their codes and increase their security to prevent any other possible exploits that could happen. Never be too sure and let your guard down.

 

 

Decrypting the Solana Wallet attack and how investors can safeguard their crypto holdings

With reports indicating around 8,000 ‘hot’ wallets were compromised in the attack, experts advise investors to switch to hardware wallets for better security.

Close on the heels of cross-chain messaging platform Nomad being the target of a $200-million crypto heist, investors using ‘hot’ or internet-connected crypto wallets on the popular blockchain Solana were under attack from an unknown bad actor.

 

Over $8 million stolen from 8,000 investors

With crypto holdings worth over $8 million stolen from approximately 8,000 investors, this latest attack has raised many questions about the security offered by both the Solana network and ‘hot’ wallets that are quite popular with the average crypto investor.
While Solana’s official Twitter account was quick to clarify that the attack was not the result of any compromise in the network’s software, it added that its team of engineers is fervently working with security researchers and ecosystem teams to identify the root cause of this wallet hack.

Create new wallets, delete old ones

According to Anndy Lian, chief digital advisor to the Mongolian Productivity Organization, investors should not take these events lightly and should expect a complete analysis by the end of this week.

“While it is my opinion that a decentralised network should stay independent and operate purely by codes, I think the team at Solana should re-check all their partner systems and increase their security to prevent any other possible exploits. Investors ought to remain vigilant and take necessary precautions at their end,” he said.

“I would suggest users create a new wallet, move their funds over to the new wallet and delete the old ones. They can also consider moving their funds to the more reputable centralised exchanges or hardware wallets too. Keeping assets secure amid the uncertain situation is the best way for now,” he added.

Preliminary investigations have revealed that this exploit was limited to just the Slope wallet on the Solana ecosystem, while hardware wallets used by Slope remained unscathed.

According to Solana, affected wallet addresses were at one point created, imported or used in Slope mobile wallet applications, and their private key information was transmitted to an application monitoring service.

 

Do not store private keys on computers

Commenting on the Solana network and the underlying sentiment, Lin, a senior analyst at Block Review, said according to his statistics, there were 10.5 percent negative sentiments for Solana in the last seven days, while Ethereum had around 6.2 percent and anything below 15 percent is still okay in his opinion.

“Coming back to the private keys that were compromised, I think any of this information should never be on any computer at any given time. This part should be taken care of and well audited by the wallet providers. Users, on the other hand, have to take extra care of their private keys and seed phrases,” Lin said.

Solana has already urged investors affected by the attack to abandon the affected wallets as they could still be compromised even after revoking wallet approvals.

While the exact modus operandi employed is still unknown, crypto industry leaders have highlighted that the suspect transactions were properly signed, further indicating that it could be a supply chain attack with a specific focus on Slope ‘hot’ wallet users.

 

Investors should opt for cold or hardware wallets   

Elaborating on how hackers can still steal from a compromised wallet, Raj Kapoor, founder of India Blockchain Alliance, said since private keys are stored in application and device wallets, hackers can access them and steal cryptocurrencies and that sums up the Solana hack.

“If your wallet has been compromised, it’s paramount that you transfer any existing funds from your compromised wallet to another wallet. Hackers will wipe your account of funds immediately, but if you’re lucky and they have not done this yet, it’s time for investors to take immediate action,” he added.

Since most hacks happen to hit “hot” wallets, investors should opt for cold or hardware wallets instead. While investors may need some of it online for transactions, they should keep what they need in the short term and store most of it offline.

A cold crypto wallet, which is similar in size to a USB device, holds a private key that can be used to access your funds. Investors can set their own private keys as well.

 

Use multi-factor authentication

Investors should also use multi-factor authentication (MFA) as this creates a layered defence on their account with independent credentials based on a password, security token, and/or biometrics.

Phishing is another danger and to prevent it, investors should never log in to their cryptocurrency exchange unless they are sure they are on the correct site.

 

Do not share information over texts, emails

Additionally, investors should not trust texts, emails or chats that ask for your personal information.

Avoiding public WiFi is also a great idea as is updating your software from time to time. Regularly changing the passwords is great as well. Change the password regularly and use a password manager like LastPass or 1Password.

 

‘Hot’ wallets are vulnerable

As Solana continues to work with Slope Finance in conjunction with their partners OtterSec and SlowMist to restore normalcy, this incident again serves to highlight the vulnerability of ‘hot’ wallets to cyberattacks, despite the faster transaction times offered by them.

Comprising the entire collection of web-based, mobile and desktop wallets available today, ‘hot’ wallets should be used in conjunction with ‘cold’ or hardware wallets to strike the perfect balance between speed, functionality and security.

For those actively trading in crypto tokens and other crypto assets, it is recommended to hold trading funds in a ‘hot’ wallet while the bulk of their crypto holdings remains secure in a ‘cold’ or hardware wallet.

Nearly impossible to hack hardware wallets

Since a user’s private keys never leave the device, stealing funds from a hardware wallet is an almost impossible task for malicious cyber entities. Ranging from 50 to a few hundred dollars, the security offered by these hardware wallets more than compensates for the one-time costs involved and is highly recommended for all crypto investors out there.

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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