Key Highlights
- In an exclusive interview, Errol Musk disclosed that sons Elon and Kimbal collectively own 23,400 Bitcoin
- With Bitcoin trading near $74,000, the reported holdings equal approximately $1.7 billion
- Neither Elon nor Kimbal has confirmed these personal cryptocurrency holdings publicly
- Tesla maintains 11,509 BTC while SpaceX holds 8,285 BTC on their balance sheets
- X platform is introducing Cashtags and plans to debut X Money payment service soon
In a revealing interview with BeInCrypto, Errol Musk—the 79-year-old patriarch of the Musk family—disclosed that his sons Elon and Kimbal possess a combined total of 23,400 Bitcoin. With the cryptocurrency hovering around $74,000 per coin, this alleged portfolio would total approximately $1.7 billion.
Importantly, these figures remain unverified by either brother. Neither Elon nor Kimbal has ever made public statements confirming personal Bitcoin reserves at this magnitude.
During the conversation, Errol shared his broader perspective on cryptocurrency’s future. He expressed conviction that digital currencies will ultimately displace conventional financial systems, pointing to the difficulty of executing international bank transfers between South Africa and the U.S.—transactions he describes as “practically impossible”—while cryptocurrency transactions complete almost instantaneously.
Errol mentioned personal encounters with prominent crypto executives, including Binance’s Changpeng Zhao and Bybit’s founder, and confirmed receiving cryptocurrency as payment. Interestingly, despite his optimistic outlook, he clarified that he personally maintains no crypto assets.
Institutional Cryptocurrency Reserves
According to BitcoinTreasuries.net, Tesla presently maintains 11,509 Bitcoin in its treasury, representing approximately $850 million at current valuations. SpaceX supplements this with an additional 8,285 Bitcoin, worth more than $620 million. Together, these corporate reserves total approximately 19,794 Bitcoin.
The discrepancy between these institutional holdings and Errol’s cited figure of 23,400 Bitcoin implies he’s referencing private investments held outside company treasuries.
Errol additionally mentioned that the Musk family previously received Solana tokens as payment and liquidated their position at market peak, though he provided no details regarding quantity or precise timing.
While Elon has historically expressed public support for Bitcoin and Dogecoin, he has never verified owning any particular amount of either cryptocurrency.
Kimbal Musk’s stance on digital assets has evolved considerably. During 2022, he openly dismissed cryptocurrency as a “nonstarter” while criticizing its ecological footprint. Paradoxically, that identical year saw him establish the Big Green DAO on Ethereum’s blockchain to revolutionize philanthropic contributions.
Kimbal maintains board positions at both Tesla and SpaceX. His entrepreneurial ventures include founding The Kitchen Restaurant Group, the charitable organization Big Green, and aerial entertainment company Nova Sky Stories.
X Money Launch and Cashtags Feature
Meanwhile, Elon Musk’s X platform introduced a Cashtags functionality this week, providing U.S. and Canadian iOS users with immediate access to stock and cryptocurrency price charts directly within the application.
According to X product chief Nikita Bier, the platform “has always been the best source of financial news for traders and investors.”
X Money, the platform’s comprehensive payment solution, is scheduled to begin early public testing in April. The service will offer peer-to-peer money transfers, a Visa-branded debit card, 6% annual percentage yield through Cross River Bank, and cashback incentives across more than 40 U.S. states.
Polymarket forecasters currently estimate a 31% probability that X Money will launch before April 30.
This week, Senator Elizabeth Warren issued a formal letter expressing concerns about potential consumer protection and financial stability risks associated with the upcoming product.
Bitcoin currently trades near $74,000. Polymarket participants assess a 36% likelihood of Bitcoin reaching $100,000 before year-end, with over $31 million wagered on this outcome.
