Elon Musk, the billionaire behind Tesla and SpaceX, is a major player in the cryptocurrency world. His tweets and business moves often shake up crypto markets. Many want to know: what cryptocurrencies does Elon Musk own? This article dives into his confirmed holdings, his influence on crypto prices, and clears up rumors about other coins. All information is up-to-date as of July 2025, sourced from reliable public statements and reports.
Elon Musk’s Crypto Holdings
Musk has confirmed he personally owns three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Here’s a breakdown of each:
Bitcoin (BTC)
- Ownership: Musk said in 2020 he owns 0.25 BTC, a gift from a friend. No recent updates confirm changes to this amount.
- His Views: He believes in Bitcoin’s long-term value but has criticized its energy use due to mining. He sees it as a tool for economic growth.
- Company Involvement: Tesla holds 11,509 BTC, worth over $1 billion as of March 2025. SpaceX also holds Bitcoin, but exact amounts are undisclosed.
Ethereum (ETH)
- Ownership: Musk confirmed owning Ethereum in 2021 at “The B Word” conference. He hasn’t shared how much he holds.
- His Views: He praises Ethereum’s smart contract technology but notes its high fees and slower transaction speeds.
- Company Involvement: No evidence shows Tesla or SpaceX holding Ethereum.
Dogecoin (DOGE)
- Ownership: Musk has said he owns “a bunch” of Dogecoin, but specific amounts are unclear.
- His Views: Musk calls Dogecoin his favorite crypto for its humor, low fees, and fast transactions. He supports its use for everyday payments.
- Company Involvement: Tesla accepts DOGE for merchandise like the Cyberquad for Kids. SpaceX funded the DOGE-1 mission with Dogecoin. The Boring Company takes DOGE for Vegas Loop rides.
| Cryptocurrency | Confirmed Ownership | Musk’s Views | Company Involvement |
|---|---|---|---|
| Bitcoin (BTC) | 0.25 BTC (2020) | Supports long-term value; critiques energy use | Tesla: 11,509 BTC; SpaceX: undisclosed |
| Ethereum (ETH) | Yes, amount unknown | Praises smart contracts; critiques fees | None confirmed |
| Dogecoin (DOGE) | Yes, amount unknown | Loves humor, speed, low fees | Tesla, SpaceX, Boring Company accept DOGE |
Elon Musk’s cryptocurrency holdings and key details.
How Musk Influences Crypto Markets
Musk’s words and actions can move crypto prices. His tweets have historically caused spikes or drops:
- In 2021, Tesla’s $1.5 billion Bitcoin purchase pushed BTC prices up. When Tesla stopped accepting Bitcoin due to environmental concerns, prices dipped.
- Musk’s Dogecoin tweets, like calling himself “Dogefather” on SNL in 2021, spiked DOGE prices.
- In 2023, changing Twitter’s logo to the Dogecoin symbol briefly boosted its value.
Recent data suggests his influence is fading. For example, 2024 Dogecoin tweets had less price impact, showing a maturing market.
Clearing Up Crypto Misconceptions
Rumors about Musk’s holdings often spread due to his social media activity. Here are common misconceptions:
- Shiba Inu (SHIB): Musk’s tweets about his Shiba Inu puppy sparked SHIB price surges, but he confirmed in 2021 he owns none.
- Floki Inu (FLOKI): Named after Musk’s dog, this coin rose in value, but Musk denied owning it.
- Elon-Themed Coins: Tokens like Dogelon Mars or $MUSK use his name, but Musk has disavowed them, warning against scams.
Musk has also commented on other crypto topics:
- He criticized NFTs for relying on centralized platforms.
- His platform X dropped NFT profile picture support.
- He’s mentioned Solana and Cardano but hasn’t confirmed owning them.
Why Musk Loves Dogecoin
Musk’s strongest support is for Dogecoin. On the Lex Fridman Podcast, he praised its fast transactions and low fees, ideal for daily use. He learned about DOGE from Tesla and SpaceX employees and enjoys its meme-based appeal. His businesses reflect this, with Tesla, SpaceX, and The Boring Company accepting DOGE. His Department of Government Efficiency (DOGE) name is a playful nod to the coin.
How Much Crypto Does Musk Own?
Exact figures for Musk’s personal holdings are vague:
- Bitcoin: 0.25 BTC confirmed in 2020, worth about $2,500 then. No updates since.
- Ethereum: Ownership confirmed, but no amount disclosed.
- Dogecoin: Musk said “a bunch” in 2024, but no specifics.
Tesla’s Bitcoin holdings are clearer, with 11,509 BTC as of March 2025. SpaceX holds Bitcoin, but amounts are unknown.
Should You Invest Like Musk?
Musk’s crypto choices reflect his belief in decentralization and innovation. However, he warns against risking too much on crypto, saying, “Don’t bet the farm.” Before investing, research each coin’s risks and volatility. For more on crypto investing, check out these Krypdrops articles:
Conclusion
Elon Musk owns Bitcoin, Ethereum, and Dogecoin, with a strong preference for DOGE due to its speed and accessibility. His influence on crypto markets remains notable, though its effect may be declining. Avoid falling for rumors about coins like Shiba Inu or Floki Inu—Musk has denied owning them. Stay informed with verified data and be cautious with crypto investments.
People Also Ask
- How much Bitcoin does Elon Musk own? He confirmed 0.25 BTC in 2020, with no recent updates.
- Does Elon Musk own Shiba Inu? No, he denied owning SHIB in 2021.
- Why does Musk support Dogecoin? He likes its humor, low fees, and fast transactions, and uses it in his businesses.
- What other coins does Musk endorse? Only BTC, ETH, and DOGE are confirmed. Others are speculative.
