Elon Musk’s SpaceX IPO could trigger major corporate Bitcoin shift (2:23)
Tesla and SpaceX CEO Elon Musk has crossed into territory no individual has reached before, a net worth north of a trillion dollars, and a fresh reminder from the crypto community suggests at least part of that fortune sits in digital assets.
Popular crypto analyst Ali Martinez put the spotlight back on Musk, posting on X a stylised drawing of Musk alongside the Bitcoin logo. The caption was blunt: the world's first trillionaire owns Bitcoin, and followers should let that fact sink in.
A Bitcoin holder, but how much?
The size of Musk's personal stash remains anyone's guess. The last concrete figure came back in 2020, when he disclosed owning just 0.25 BTC. There has been no clear update on his holdings since.
Martinez's "let that sink in" phrasing was no accident. It echoes one of Musk's most memorable moments, walking into Twitter's San Francisco headquarters carrying a porcelain sink after closing his 2022 takeover, later tweeting the now-famous line about entering Twitter HQ and ‘letting it sink in’.
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Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
While Musk's exact personal exposure stays murky, Bitcoin does appear on the balance sheets of companies he controls, lending some weight to the idea that he remains aligned with the asset.
The 'DogeFather' connection
In another post on X, Martinez also nodded to Musk's long association with Dogecoin, attaching a sketch of him cradling the Shiba Inu mascot that has become shorthand for the memecoin.
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That link traces back to 2018, when Musk said he owned "some" Dogecoin in addition to Bitcoin and Ethereum. As with his BTC position, he never spelled out the amount. Unlike Bitcoin, though, none of his companies hold DOGE on their books.
Musk's pull over the token has never faded. He has repeatedly sent the coin swinging with offhand comments, including a remark earlier this year that SpaceX would likely put the memecoin on the moon next year, a line that did its usual work of firing up the Dogecoin faithful.
Meanwhile, at the time of writing, Bitcoin was changing hands at around $63,847. Dogecoin was off 3.72%, trading near $0.0842.
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