#ElonMusk.
Elon Musk Proposes $100 Billion Takeover of Ethereum, Plans Rebrand to "Xthereum"
Tech billionaire Elon Musk, backed by a group of investors, has reportedly made a $100 billion bid to acquire the Ethereum network and rename it "Xthereum." The offer, which is significantly below Ethereum’s current market capitalization, aims to bring what Musk calls "stability and a clear vision" to the blockchain.
Musk has criticized Ethereum's valuation, arguing that his proposal represents a "good deal" for the network’s future. The bid, if successful, could mark one of the most unprecedented moves in the cryptocurrency space.