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Elon Musk reveals his cryptocurrency holdings, owns 0.25 BTC

Billionaire entrepreneur Elon Musk has confirmed that he owns 0.25 BTC or “literally zero cryptocurrency.”

Written by Becky Leighton Published on

While Elon Musk might be a tech icon and financial heavyweight, he’s revealed that he’s no cryptocurrency kingpin. Last week, the founder of Tesla, Paypal and SpaceX disclosed on Twitter how much Bitcoin he holds, and it’s just a fraction of his net worth.

Musk tweeted that, aside from the 0.25 BTC he received from a friend years ago, he has no cryptocurrency at all.

This information came out in light of a number of fake Twitter accounts posing as recognized entrepreneurial tech and business figures, including Musk and US president Donald Trump, in attempts to scam users out of their cryptocurrency.

Musk spoke out on Twitter when a user asked him in a tweet,why is all the spam popping up lately?

Also uncertain about the scams and trying to tackle the issue, Musk said that he had let Twitter CEO Jack Dorsey know about the concerns, revealing his own cryptoworth at the same time.

In November 2017, Sahil Gupta, a former intern at SpaceX, had rumored that Musk was Satoshi Nakamoto, the elusive founder of Bitcoin, but the rumors were put to rest when the entrepreneur denied the reports, affirming on Twitter that they were untrue and that a friend had sent him “part of a BTC a few years ago”.

That was the first public hint towards his cryptoportfolio, and this is the first disclosure of the value.

At the time of writing, his Bitcoin holdings make up $2351.25 USD; a tiny sliver of his $21,4 billion USD net worth and Musk has said nothing about making that sliver any larger.

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Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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