What Crypto Does Elon Musk Have? Take A Peek At The Tesla Boss's Portfolio

Bittime - Elon Musk, CEO of Tesla and SpaceX, has become one of the most influential figures in the world of cryptocurrency. On several occasions, Musk has revealed his ownership of several digital assets, including Bitcoin, Ethereum, and Dogecoin. Let's explore more deeply the crypto portfolio owned by this billionaire.

1. Bitcoin (BTC)

Bitcoin is one of the most significant assets in Musk's portfolio. In February 2021, Tesla announced an investment of $1.5 billion in Bitcoin, which had a huge impact on the market. 

Although Tesla sold some of its Bitcoin holdings in 2022, the company still held more than $1.3 billion in Bitcoin through early 2024. Musk demonstrated his confidence in Bitcoin's value by retaining this asset in the company's reserves.

Tesla BTC holding. Source: Arkham Intelligence/Cryptomaniaks

2. Ethereum (ETH)

Musk also confirmed his ownership of Ethereum at a conference in July 2021. Although he did not provide specific details regarding the amount of Ethereum he owns, this admission adds to the list of digital assets owned by Musk. 

Ethereum, as a platform that supports smart contracts and decentralized applications, has become one of the most popular cryptocurrencies after Bitcoin.

3. Dogecoin (DOGE)

Dogecoin is one of the assets closest to Musk. The coin was originally created as a joke, but thanks to Musk's support, Dogecoin has become one of the most popular cryptocurrencies in the world. 

He often shows his support for the meme coin through social media and public statements. In December 2021, Tesla began accepting Dogecoin as a payment method for merchandise, further strengthening Musk's support for this cryptocurrency.

Musk once stated that he personally owns Dogecoin and considers it “crypto for the people.” Musk's support and endorsements often lead to significant price spikes for Dogecoin, making it one of the most closely watched coins on the market.

Peanut (PNUT)

Peanut is a squirrel-themed coin and is built on the Solana network. The coin caught the attention of investors after it announced its listing on Binance, which caused a price spike of 255% in one day. 

With strong market support, Peanut shows potential to break through certain resistance levels, making it one of the coins to watch in the cryptocurrency ecosystem.

Read too PNUT Prices Increase 300% Due to Elon Musk's Tweet

Department of Government Efficiency (D.O.G.E)

Department of Government Efficiency, atau D.O.G.E, is the latest coin introduced by Musk. Despite its similar name to Dogecoin, D.O.G.E has a greater focus on efficiency and transparency in government. 

These coins show how Musk is seeking to tie cryptocurrencies to larger initiatives in government, even though data suggests that investments in these coins may decline in value.

Elon Musk's Impact and Influence on the Crypto Market

Elon Musk's influence on the cryptocurrency market cannot be underestimated. Whenever he makes a statement or takes action regarding cryptocurrencies, the market often reacts quickly. 

For example, Musk's tweets or comments about Dogecoin often cause significant price spikes. This shows how much impact public figures like Musk have in shaping investor opinion and behavior.

Read too Why is Elon Musk promoting Kekius Maximus? PEPE Themed Coins Skyrocket!

Table of Coins allegedly owned by Elon Musk

Conclusion

Elon Musk's cryptocurrency portfolio includes Bitcoin, Ethereum, and Dogecoin, with strong support for meme coins. Although he does not publicly disclose investments in other cryptocurrencies, his influence on the crypto market is enormous. 

By continuing to support innovation and new projects, Musk remains one of the key figures in the world of cryptocurrency.

FAQ about Elon Musk's Crypto Portfolio

What cryptocurrencies does Elon Musk own?

Elon Musk is known to own Bitcoin, Ethereum and Dogecoin. It is also involved with other coins such as Peanut (PNUT) and Department of Government Efficiency (D.O.G.E).

Why is Dogecoin so important to Elon Musk?

Dogecoin is a meme coin that Musk often supports via social media, and he even allows payments using Dogecoin for Tesla merchandise.

How much Bitcoin does Tesla have?

As of November 2024, Tesla is estimated to own around 11,509 Bitcoins, which is worth more than $1.05 billion.

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Reference

Mohammed Shahid, Which Cryptos Does Elon Musk Own?, Accessed January 21, 2025

Bittime, 3 Koin Elon Musk: DOGE, PNUT, dan Department of Government Efficiency (D.O.G.E), Accessed January 21, 2025

Author: IN