What Crypto Does Elon Musk Own? (2026)

Elon Musk owns three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). His personal holdings include 0.25 BTC (confirmed in 2018) and undisclosed amounts of ETH and DOGE.

Separately, his companies Tesla and SpaceX hold substantial Bitcoin positions, with Tesla currently maintaining approximately $1.17 billion in BTC and SpaceX holding an estimated $856 million as of January 2026.

Elon Musk holds three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). He made this disclosure during a cryptocurrency conference discussion and in a tweet where he characterized the assets as ascii hash strings.

Among these three crypto holdings, Dogecoin receives Musk's strongest public advocacy. While he has occasionally praised Bitcoin and Ethereum, he has also leveled significant criticism at both networks regarding scalability and environmental concerns.

In a February 2018 tweet, Musk revealed that a friend had gifted him 0.25 BTC several years earlier. In July 2025, Musk tweeted that his newly formed political organization, the America Party, would embrace Bitcoin since "fiat is hopeless".

Tesla's Bitcoin treasury

In February 2021, Tesla purchased $1.43 billion worth of Bitcoin (approximately 43,200 BTC at prevailing prices) to diversify its corporate treasury. The company simultaneously announced it would accept BTC for vehicle purchases, citing this as an opportunity to "maximize returns on cash that is not immediately needed".

Tesla reversed course in May 2021, suspending Bitcoin payments after just 49 days. Elon Musk cited environmental concerns related to Bitcoin mining's fossil fuel consumption as the primary justification for this decision.

By Q2 2022, Tesla had liquidated approximately 75% of its BTC holdings, converting roughly $936 million worth to fiat currency. Musk explained this sale as a tactical move to strengthen Tesla's cash reserves amid supply chain uncertainties from China's COVID-19 lockdowns.

As of January 2026, Tesla maintains approximately 11,509 BTC valued at roughly $1.17 billion, making it the fourth-largest corporate Bitcoin holder globally.

SpaceX's Bitcoin position

SpaceX has maintained Bitcoin holdings since 2021, though the company has never disclosed the initial acquisition date or purchase price.

In July 2025, blockchain analytics identified a SpaceX-controlled wallet transferring $153.7 million in Bitcoin. This was the wallet's first transaction since March 2022. Despite this movement, SpaceX retains its position as the fifth-largest corporate Bitcoin holder with approximately 8,285 BTC worth an estimated $856 million as of January 2026.

Despite his companies' Bitcoin investments, Musk has repeatedly criticized the cryptocurrency's limitations.

In May 2021, Musk condemned Bitcoin mining's carbon footprint, stating that Tesla would not resume accepting BTC until miners transition to at least 50% renewable energy sources.

During the December 2021 Lex Fridman Podcast, Musk also criticized Bitcoin's technical design, arguing that its 1MB block size and 10-minute block time reflect 2008-era internet bandwidth constraints that are now obsolete, making the network unnecessarily slow for modern commerce.

Musk confirmed Ethereum ownership in his July 2021 Twitter disclosure. However, he has publicly criticized Ethereum's network congestion and prohibitively high gas fees, particularly during the 2021 NFT boom when transaction costs exceeded $50-200 per interaction.

The exact quantity of ETH in Musk's portfolio remains undisclosed.

Musk has served as Dogecoin's most famous advocate since 2019. He praises the cryptocurrency for its fun, irreverent community culture and technical architecture. Despite acknowledging Dogecoin's origins as a "joke", he argued that its blockchain infrastructure makes it more practical for everyday transactions than Bitcoin.

Musk confirmed personal Dogecoin ownership in 2021, though he has never disclosed specific quantities.

Multiple Musk-affiliated organizations have integrated Dogecoin into their operations:

Tesla began accepting DOGE for merchandise purchases in January 2022.
The Boring Company implemented DOGE payments for Las Vegas Loop transportation in May 2022.
SpaceX announced the DOGE-1 lunar satellite mission in May 2021, funded entirely with Dogecoin.
The Department of Government Efficiency (DOGE), which Musk led from January to March 2025, shared its acronym with Dogecoin and this was widely interpreted as intentional wordplay.

Musk has never created or officially endorsed any memecoin besides Dogecoin. However, several meme-based tokens - Elon Musk crypto coins - which have used his public persona. Numerous projects have emerged using variations of Musk's name (ElonGate, Dogelon Mars, Elon Musk Coin, etc.), all of which Musk has publicly rejected.

There's even a token named after Musk's Shiba Inu dog, Floki Inu (FLOKI). This token launched without his involvement. Musk has explicitly stated that he owns zero FLOKI tokens.

As a general rule, be suspicious of any memecoin claiming affiliation with Elon Musk or his business ventures. More likely than not they have no affiliation with Elon Musk and likely never will.

Musk currently does not endorse or collect any NFT projects.

In a May 2022 appearance on The Joe Rogan Experience, Musk criticized the NFT ecosystem's technical implementation, pointing out that NFT artwork typically resides on centralized servers rather than being stored directly on blockchain networks. He argued this architectural choice undermines the decentralization principles that supposedly justify NFT valuations.

When Musk acquired Twitter (now X) in October 2022, one of his first product decisions was eliminating the platform's NFT profile picture verification feature that had launched in January 2022 under previous management.