Key Highlights
- Errol Musk reveals Elon and Kimbal collectively own 23,400 Bitcoin in exclusive BeInCrypto interview
- The claimed holdings would total approximately $1.7 billion at Bitcoin’s current $74,000 valuation
- Neither brother has publicly confirmed these personal cryptocurrency positions
- Tesla maintains 11,509 BTC while SpaceX controls 8,285 BTC across corporate balance sheets
- X platform introduces Cashtags feature as X Money payment system approaches April launch
In an exclusive conversation with BeInCrypto, Errol Musk—the 79-year-old patriarch of the Musk family—disclosed that his sons Elon and Kimbal collectively possess 23,400 Bitcoin. With Bitcoin trading around $74,000 per coin, this alleged position represents approximately $1.7 billion in value.
Neither son has independently verified this disclosure, and no public statements from Elon or Kimbal have previously acknowledged personal Bitcoin ownership at this magnitude.
During the interview, Errol shared his perspective on digital currencies more broadly. He expressed conviction that cryptocurrency will ultimately displace conventional financial systems, pointing to his experience with international banking. He noted that transferring funds between South Africa and the United States through traditional banking channels proves “practically impossible,” whereas cryptocurrency transactions complete instantaneously.
Errol mentioned personal interactions with prominent crypto industry figures, including Binance’s Changpeng Zhao and Bybit’s founder, and confirmed he has accepted cryptocurrency as payment. Interestingly, despite his bullish outlook on digital assets, Errol stated he maintains no crypto holdings personally.
Company-Level Bitcoin Positions
According to BitcoinTreasuries.net, Tesla’s corporate treasury currently contains 11,509 Bitcoin, representing roughly $850 million in value. SpaceX separately maintains 8,285 Bitcoin, worth approximately $620 million. Combined, these corporate positions total nearly 19,794 Bitcoin.
The disparity between these documented corporate holdings and the 23,400 figure Errol referenced indicates he was likely discussing personal cryptocurrency positions separate from company balance sheets.
Errol additionally mentioned that the Musk family previously received Solana tokens as payment and liquidated the position at peak prices, though specific amounts and dates weren’t disclosed.
While Elon has publicly endorsed Bitcoin and Dogecoin on numerous occasions, he has never disclosed precise ownership quantities of either cryptocurrency.
Kimbal Musk’s stance on digital currencies has evolved considerably. In 2022, he dismissed cryptocurrency as a “nonstarter” and criticized its environmental footprint. Paradoxically, that same year saw him launch the Big Green DAO on Ethereum’s blockchain to revolutionize philanthropic donations.
Kimbal currently serves as a board member at both Tesla and SpaceX while leading The Kitchen Restaurant Group, the nonprofit organization Big Green, and drone entertainment venture Nova Sky Stories.
X Platform Payment Features
This week, Elon Musk’s X platform introduced Cashtags functionality, providing U.S. and Canadian iOS users with integrated real-time stock and cryptocurrency price visualization directly within the application.
X product chief Nikita Bier emphasized that the platform “has always been the best source of financial news for traders and investors.”
X Money, representing the platform’s comprehensive payments infrastructure, is scheduled for initial public rollout in April. The service will enable peer-to-peer money transfers, integrate a Visa-branded debit card, offer 6% annual percentage yield through Cross River Bank, and provide cashback incentives across more than 40 states.
Polymarket traders currently assign X Money a 31% probability of launching by April 30.
Senator Elizabeth Warren issued a formal letter this week expressing concerns about potential consumer protection and financial system stability risks associated with the upcoming product.
Bitcoin currently trades near $74,000. Polymarket participants, based on more than $31 million in trading volume, estimate a 36% likelihood that Bitcoin will reach $100,000 before year’s end.
