Coin Edition -
- Elon Musk’s unknown crypto holdings continue to raise speculations in the crypto community.
- Musk disclosed in 2021 that he only holds Bitcoin, Ethereum, and Dogecoin.
- The billionaire has remained muted on cryptocurrencies this year, even as crypto prices see a resurgence and interest boost.
Tech billionaire founder Elon Musk’s unknown crypto holdings continue to raise speculations in the crypto community, especially as crypto prices have seen some resurgence. In 2021, Musk disclosed that he only holds Bitcoin, Ethereum, and Dogecoin in reaction to speculations that he held meme coin Shiba Inu.
Indeed, Musk’s crypto-ties started in 2020 on the back of the bull market run that year. Through numerous tweets, Musk revealed Dogecoin as his favorite coin and announced plans to integrate Bitcoin as a payment option in Tesla and SpaceX.
However, following his acquisition of X (formerly Twitter) and an overall slowdown in crypto prices, the billionaire’s crypto activities have been muted this year. If any, the only direct statements from the billionaire have been to quell speculations about a possible Dogecoin integration on X.
With crypto prices back up and a resurgence in investors’ activities, it remains unknown if Elon Musk is still keen on cryptocurrencies. The only pointers so far include Musk adding the DOGE symbol to his X profile and rumors about his DOGE holdings. But going by his statements at the Wall Street Journal CEO Council Summit, his DOGE-related acts only go to show his love for the meme coin.
While Elon Musk’s portfolio remains unknown, his electric vehicle company, Tesla, continues to maintain its Bitcoin holdings. Details of the company’s last quarterly report show the company neither sold nor added to its 9,720 BTC worth over $361 million at current market prices.
According to bitcointreasury.net, Tesla has the third-largest bitcoin holdings for a publicly traded company. Michael Saylor’s MicroStrategy and Bitcoin miner Marathon Digital (NASDAQ:MARA) Holdings occupy the top two positions, holding 158,400 BTC and 13,726 BTC, respectively.
Meanwhile, DOGE has seen significant price movement in the past seven days, adding 4.61%. At the time of press, the token is exchanging hands at $0.08077, following a 2.03% uptick in the last 24 hours. The token continues to sit as the 9th largest crypto network by market capitalization.
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