Elon Musk is known to everyone as he is one of the most famous entrepreneurs who became famous in the world of business and technology thanks to Tesla Motors and SpaceX. Musk also works closely with cryptocurrency, investing in it and creating his own projects.

What cryptocurrencies does he own?

The businessman has spoken out about cryptocurrencies at various events, especially on the X platform. On January 29, 2025, he said that he supported the #QWRX coin and wanted to collaborate with the project. However, the post was later deleted. Officially, Musk only spoke about Bitcoin and Ethereum, but from his posts on X, it can be seen that Dogecoin is also present in his wallet.

Bitcoin

At The B Word conference in 2021, the entrepreneur expressed his support for Bitcoin, which caused the value of this currency to increase by more than 20%. Tesla Motors purchased #BTC for $ 1.5 billion. However, the company later stopped accepting them as payment for cars due to environmental concerns related to cryptocurrency mining, which led to a 15% decrease in the price. But Tesla Motors still owns almost 10,000 BTC, and the investment is valued at $ 778 million.

The billionaire once shared that he intends to keep cryptocurrency in his investment portfolio. He also added that Tesla will start accepting bitcoins in the future when the mining process becomes more environmentally friendly.

Ethereum

Although Musk did not immediately make an official statement about his ownership of Ethereum, his interest in the project was noticeable. In interviews, he emphasized the significant potential of Ethereum and its role in the development of decentralized applications and smart contracts, and some experts believed that he could invest in #ETH , given his fascination with blockchain technology. At the B Word conference, the investor said that he does hold Ethereum in his wallet, but the amount is unknown. Since then, the price of ETH has increased by 12% to more than $ 2,000.

Dogecoin

#Dogecoin‬⁩ became a sensation thanks to Musk's support after he labeled the coins as the "people's cryptocurrency", which contributed to a sharp increase in value. The businessman mentioned that Dogecoin is his favorite cryptocurrency. The token's value increased by 47% after a photo with a Falcon 9 rocket labeled "Doge".

The price of the currency had risen 30% ahead of Elon Musk's scheduled appearance on Saturday Night Live on May 8. However, after his appearance, in which he openly admitted to having Asperger's syndrome and described the cryptocurrency as "hype," the price plummeted 28%. Before the show, the price was $0.65, and after, it was $0.47.

Elon Musk continues to have a significant impact on the digital asset market. Cryptocurrencies Dogecoin, Bitcoin, and Ethereum remain in the spotlight for investors and enthusiasts. Bitcoin is his main asset of choice. Ethereum is his bet on cutting-edge technology. Dogecoin is the first cryptocurrency he has actively promoted.