Elon Musk Confirms He Still Owns “Only 0.25 Bitcoin”

elon musk bitcoin holding

Technology wizard Elon Musk openly revealed how much Bitcoin he is holding in a response to a tweet by Harry Potter author J.K Rowling.

Rowling opened the discussion on Twitter, saying that she doesn’t understanding Bitcoin. She continued to ask someone to explain the cryptocurrency to her. The responses to her tweet ranged from Harry Potter references (“Remember when Dobby was freed by a sock? Bitcoin is that sock“) to an offer from Saifedean Ammous for a free copy of his book The Bitcoin Standard.

Musk joined the conversation, tweeting:

He followed this with a tweet saying:

“I still only own 0.25 Bitcoin btw.”

This stands as the same figure Musk admitted to having in his cryptocurrency portfolio in 2018. At the time, the tech entrepreneur stated that a friend had sent him the amount many years ago.

Gemini’s Tyler Winklevoss joined in the conversation, asking Musk how he is “going to pay for things on Mars?”

Tesla “might get into the mining business”

Last year, it was reported that Tesla might look to mining in order to scale battery production at the fastest rate possible. According to the report, Musk stated:

“There’s not much point in adding product complexity if we don’t have enough batteries. We might get into the mining business. I don’t know. We’ll do whatever we have to to ensure that we can scale at the fastest rate possible.”

Other celebrities entering the cryptocurrency ring

While Musk might not be investing heavily into Bitcoin at the moment and it’s uncertain whether Rowling will step into the world of cryptocurrency, other celebrities are openly investing in the digital currency. Former Ultimate Fighting Championship (UFC) champion Eddie Alvarez recently announced that he had purchased one Bitcoin token. This, just before the Bitcoin halving, resulted in a flurry of mixed responses across Twitter.

Related Articles

Bitcoin Halving Impact Fades as Demand Takes Center Stage

According to reports, the Open Interest in Bitcoin is now 30 times higher than it was 11 days before the 2020 Bitcoin halving.

Kraken Announces Delisting of Privacy Token Monero in Ireland and Belgium

Monero users' balances on Kraken after the deadline will have their coins automatically converted into Bitcoin.

Crypto.com Receives Regulatory Approval for Trading in Dubai

Crypto.com has received full operational approval from Dubai’s VARA, becoming the first permitted exchange in the UAE.

Arrested Binance Executive Pleads Not Guilty to Charges in Nigeria

Nigerian court rejected Binance executive Tigran Gambaryan’s defence argument and ruled that he acted as the exchange’s representative.

See All