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

SpaceX and Tesla explore merger that would unite more than 30,000 bitcoin

Independent committees are assessing a potential tie-up, while strong SpaceX earnings lift shares ahead of Tesla’s results.

By James Van Straten2 days ago

Finance

Tokenized Tesla surges as Elon Musk unveils SpaceX-powered flying Roadster prototype

Volume in Hyperliquid’s Tesla contract hit $47 million in one hour after Elon Musk’s flying Roadster demo, up from $2.8 million, with U.S. stocks closed.

By Oliver Knight7 days ago

SpaceX and Tesla CEO Elon Musk (Getty Images)

Markets

Elon Musk's X brings crypto and stock trading via Coinbase, Kraken and Interactive Brokers partnership

Elon Musk’s X lets U.S. users tap cashtags such as $BTC to view live charts and access Coinbase, Kraken and other trading platforms.

By Omkar GodboleSep 22, 2026, 1:26 a.m. EDT

Finance

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.

By Krisztian SandorAug 4, 2026, 4:26 p.m. EDT

Markets

Tesla holds bitcoin treasury steady, reports $112M impairment loss

The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that beat revenue expectations but missed on profit.

By Helene BraunJul 22, 2026, 4:40 p.m. EDT

Videos

Elon Musk loses $50 billion in a single day; SpaceX moves bitcoin

SpaceX shares fell over 6% and Tesla dropped nearly 4% on Tuesday, wiping more than $50 billion off Elon Musk's net worth and pushing him below the $1 trillion mark. Meanwhile, SpaceX's bitcoin wallet — holding 18,712 BTC — made its first transaction in six months. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Jul 8, 2026, 1:40 p.m. EDT

Elon Musk loses $50 billion in a single day; SpaceX moves bitcoin

Markets

SpaceX's Nasdaq 100 inclusion comes with a historical warning

The largest IPO ever enters the Nasdaq 100. Previous additions like Palantir and Strategy saw volatility after the index inclusion rather than the start of new rallies.

By James Van Straten, AI BoostJul 6, 2026, 7:16 a.m. EDT

Finance

Here's what SpaceX's IPO means for its $1.3 billion bitcoin reserve

The largest company on public markets now holds bitcoin as a treasury reserve, not as a business model. Its first earnings cycles will test which version of corporate crypto survives a bear market.

By Shaurya MalwaJun 13, 2026, 1:00 p.m. EDT

Markets