Musk's Crypto Assets Revealed: SpaceX and Tesla

user avatar

by Giorgi Kostiuk

2 years ago

An audio recording featuring Elon Musk has emerged, revealing details about the cryptocurrencies owned by him and his companies.

Elon Musk's Audio on Cryptocurrencies

In the recording, Musk revealed that he has 'some Dogecoin.' He also mentioned that private aerospace company SpaceX holds 'a large amount of Bitcoin.' However, the exact amount is unknown as SpaceX is not required to disclose such details.

SpaceX and Tesla's Role in the Crypto Market

Tesla, another of Musk's ventures, previously made headlines with a significant Bitcoin purchase in 2021 but later sold most of its holdings, citing environmental concerns. This has led to speculation that Musk’s statements could indicate a potential shift in Tesla’s stance on Bitcoin and the possibility of re-entering the cryptocurrency market in the future.

Donald Trump's Initiative: Governance and Dogecoin

Former President Donald Trump announced an initiative called the 'Department of Government Efficiency' (DOGE) as a reference to Dogecoin. The project aims to 'reduce excessive regulation, cut wasteful spending, and restructure Federal Agencies.' Musk and entrepreneur Vivek Ramaswamy will contribute to the project, targeted for completion by July 4, 2026, the 250th anniversary of the Declaration of Independence.

Musk later confirmed that participation would be free, adding: 'there’s zero fee.'

The revealed details about Elon Musk's and his companies' crypto holdings continue to pique the interest of investors and cryptocurrency enthusiasts. Additionally, Donald Trump's initiative with Musk's involvement might significantly impact government management in the future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ripple Highlights Key Trends in Institutional Custody from BCG Report

Ripple discusses key trends in institutional custody for digital assets based on a BCG report, highlighting the importance of governance, interoperability, and security.

user avatarTando Nkube

Solana Enhances Developer Experience with Web3js v31 Release

Solana announces the release of Web3js v31 on October 16, enhancing interoperability with development tools for easier application building.

user avatarKofi Adjeman

Study Proposes Optimizing Validator Leader Schedules for Solana

A study suggests optimizing validator leader schedules for quicker handovers while highlighting potential security tradeoffs.

user avatarNguyen Van Long

SEC Issues New Guidance for Tokenized Securities Trading

The SEC has issued new guidance requiring venues to publish a public operating notice at least 30 days prior to commencing operations for tokenized securities trading.

user avatarSatoshi Nakamura

Moonshot AI Launches Kimi K31 Pro with Limited Offensive Capabilities

Moonshot AI has launched its Kimi K31 Pro model, intentionally excluding certain cyberattack-related data from its training.

user avatarTomas Novak

OCC's Final GENIUS Act Rule Takes Effect on January 18, 2027

The Office of the Comptroller of the Currency (OCC) has published final regulations for payment stablecoin issuers, effective January 18, 2027.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.