Elon Musk

Elon Musk has emerged as one of the most influential figures in cryptocurrency, with his social media posts and business decisions regularly moving markets and shaping public perception of digital assets. The Tesla and SpaceX CEO has revealed he personally owns only Bitcoin, Ethereum, and Dogecoin, while his companies have integrated cryptocurrency payments and even funded space missions with digital assets. Musk's public backing of Dogecoin has long been a major driver of its price, making the meme coin particularly sensitive to his public statements and endorsements.

Through his various companies, Musk has pioneered corporate cryptocurrency adoption beyond traditional treasury strategies. Tesla accepts DOGE as payment for merchandise, The Boring Company accepts DOGE for rides, and SpaceX announced DOGE-1 — a satellite mission 100% paid for in DOGE. His influence extends from calling Dogecoin "the people's crypto" to briefly adding Bitcoin to Tesla's balance sheet, demonstrating how individual endorsements can drive mainstream cryptocurrency adoption.

At CoinDesk, we track Elon Musk news covering his cryptocurrency investments, social media market impact, and his companies' blockchain innovations. Our reporting examines how Musk's tweets influence crypto markets, his role in popularizing meme coins, Tesla's evolving crypto payment strategies, and the broader implications of celebrity cryptocurrency endorsements on market dynamics and regulatory discussions.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

DOGE Beats the Blue Chips as D.O.G.E Calls It Quits

DOGE – the memecoin – edged past the CoinDesk 20 and the CoinDesk memecoin index as the White House announced Elon Musk's government efficiency initiative is to shutter.

By Sam ReynoldsNov 24, 2025

Videos

Mike Novogratz on BTC, Immigration, and the Ayahuasca Trip That Inspired Billions | Spotlight

Galaxy Digital founder and CEO Mike Novogratz joins "CoinDesk Spotlight" to discuss why the $38 trillion national debt has created a "golden era" for crypto. Novogratz breaks down the power of the XRP Army, his timeline for a $1 million bitcoin, and Galaxy's IPO journey. Plus, he shares his concerns about a "bull market in populism" and the story of how his ayahuasca trip inspired a scene in the show Billions.

Nov 18, 2025

Markets

Elon Musk’s $1 Trillion Pay Vote Sparks ‘TRILLIONS’ Token Frenzy

Tesla’s shareholder approval — with over 75% support — follows months of debate over Musk’s expanding influence across Tesla, xAI, SpaceX, and X (formerly Twitter).

By Shaurya MalwaNov 7, 2025

Tesla Motors Inc. Co-founder And Chief Executive Officer Elon Musk Interview

Tech

Tesla CEO Elon Musk Says X Chat's New P2P Encryption System Is Similar to Bitcoin's

The in-app Chat is in beta for Premium users with file sharing and media support, while a standalone X Chat app is slated to follow in the coming months.

By Siamak Masnavi, AI BoostNov 1, 2025

Markets

Tesla Booked $80M Profit on Bitcoin Holdings in Q3

The company's digital asset holdings were valued at $1.315 billion as of Sept. 30 versus $1.235 billion three months earlier.

By James Van Straten, AI BoostOct 22, 2025

Markets

Is Elon Musk Getting Interested in Bitcoin Again?

"Bitcoin is based on energy," said the Tesla chief early Tuesday. "It is impossible to fake energy."

By Stephen AlpherOct 14, 2025

Markets

Elon Musk’s xAI Partners With Kalshi to Bring Grok to Prediction Markets

The partnership aims to use Grok’s AI to analyze real-world events for Kalshi’s regulated prediction markets.

By Helene Braun, AI BoostJul 24, 2025

Policy

Elon Musk Says America Party Will Embrace BTC as 'Fiat Is Hopeless'

The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill'

By Sam ReynoldsJul 7, 2025

Finance

Elon Musk's X to Offer Investments, Trading 'Soon:' FT

"Soon you're going to be able to live your whole financial life on the platform," CEO Linda Yaccarino said

By Jamie CrawleyJun 19, 2025

Finance

Polymarket Partners Up With Elon Musk's xAI

Shayne Coplan, the prediction market's CEO, said that the two "truth-seeking apps" would be stronger together.

By Tom CarrerasJun 6, 2025

Shayne Coplan, CEO, Polymarket, speaks at Consensus 2024. (Shutterstock/CoinDesk).

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