Elon Musk just crossed another milestone that once sounded impossible.
On Monday, Forbes said Musk became the first person in history to reach a $600 billion net worth, powered largely by a surge in expectations around SpaceX’s future and renewed optimism around his broader tech empire.
The timing matters. Reports suggest SpaceX is preparing for a public listing next year at a valuation of around $800 billion, a move that would dramatically reshape global capital markets — and further cement Musk’s position as the wealthiest individual the modern economy has ever produced.
But as Musk’s fortune rockets higher, a familiar question resurfaces in crypto circles: how much cryptocurrency does Elon Musk actually own?
The answer is more nuanced than most headlines suggest.
SpaceX, Tesla, and Musk’s Wealth Surge
Musk’s wealth jump is being driven first and foremost by SpaceX, where he owns an estimated 42% stake. At an $800 billion valuation, that holding alone would be worth roughly $336 billion, adding about $168 billion to his personal net worth and pushing Forbes’ estimate to roughly $677 billion as of midday Tuesday.
That’s before factoring in Tesla.
He owns roughly 12% of Tesla, whose shares are up about 13% year-to-date, despite uneven electric vehicle sales.
Tesla stock climbed nearly 4% on Monday after Musk revealed that the company is testing robotaxis without a safety monitor in the front passenger seat, reinforcing his pitch that Tesla is evolving into an AI and robotics company rather than just an automaker.
In November, Tesla shareholders also approved a $1 trillion compensation package for Musk — the largest corporate pay plan ever — signaling investor confidence in his long-term vision.
Add in xAI, his artificial intelligence startup, which is reportedly in talks to raise $15 billion at a $230 billion valuation, and the scale of his empire becomes hard to overstate.
Still, crypto plays a surprisingly small — but symbolically powerful — role in Musk’s financial story.
What Crypto Does Elon Musk Personally Own?
Elon Musk has publicly confirmed that he personally owns cryptocurrency, but he has never disclosed exact amounts.
What we do know is this: Musk has acknowledged holding Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). These admissions came through interviews and social media posts over several years. However, he has consistently avoided sharing wallet addresses, balances, or precise figures.
Back in 2018, Musk once joked that he owned just 0.25 BTC, sent to him by a friend. Since then, he has hinted that his Bitcoin exposure is larger, but there is no verifiable data confirming how much he holds today.
In short, while Musk is undeniably crypto-friendly — especially toward Dogecoin — his personal crypto holdings remain private and unverified.
Tesla’s Bitcoin Holdings: Over $1 Billion on the Balance Sheet
Where Musk’s crypto exposure becomes clearer at the corporate level.
Tesla famously added Bitcoin to its balance sheet in 2021, and despite trimming its holdings over time, the company still holds around 11,509 BTC, according to public disclosures and treasury trackers. At current prices, that stash is worth more than $1 billion.
Tesla’s BTC holdings (Source: Bitcoin Treasuries)
It’s important to be precise here: this Bitcoin belongs to Tesla, not Musk personally. Still, as CEO and the company’s most influential figure, Musk was instrumental in shaping Tesla’s crypto strategy and legitimizing Bitcoin as a corporate treasury asset.
Tesla’s move helped spark a broader trend of companies treating Bitcoin as a long-term store of value rather than a speculative trade.
SpaceX’s Bitcoin Holdings Fly Under the Radar
Less talked about — but equally significant — are SpaceX’s Bitcoin holdings.
On-chain analysis and reporting suggest SpaceX owns approximately 8,285 BTC, a position that has also crossed the $1 billion mark during strong market cycles.
SpaceX’s Bitcoin holdings (Source: Bitcoin Treasuries)
Like Tesla’s holdings, this Bitcoin sits on the company’s balance sheet, not in Musk’s personal wallets.
Still, the implication is clear: two of Musk’s most important companies are long-term Bitcoin holders, reinforcing his belief in crypto as part of the future financial system.
What Musk Does Not Own
Despite endless speculation, Musk has repeatedly clarified that he does not personally own meme coins created using his name or likeness, such as Elon-themed tokens or projects like FLOKI. While his tweets have historically moved markets, he has distanced himself from unofficial meme coins that leverage his brand.
The Bigger Picture
For someone worth more than $600 billion, Elon Musk’s personal crypto holdings are almost certainly a rounding error in financial terms. Yet his influence on the crypto market far outweighs the size of his wallet.
By backing Bitcoin through Tesla and SpaceX — and openly supporting Dogecoin — Musk has helped push digital assets into mainstream corporate and cultural conversations.
As his wealth reaches unprecedented levels, one thing is clear: Musk doesn’t need crypto to be rich — but crypto has undeniably benefited from Musk.
Author: Steven Walgenbach
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