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.

Videos

Worldcoin’s WLD Drops as Elon Musk Sues OpenAI; Robinhood Teams Up With Arbitrum

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a Reuters report on Elon Musk's lawsuit against OpenAI and CEO Sam Altman for breach of contract. Plus, a group of state attorneys general are arguing that the SEC exceeded its authority in suing the crypto exchange Kraken. And, the latest announcements coming out of ETHDenver on Robinhood's partnership with Arbitrum.

Mar 1, 2024

Markets

Worldcoin’s WLD Drops as Elon Musk Sues OpenAI

WLD is considered a proxy bet on OpenAI, the Sam Altman-owned artificial intelligence company.

By Shaurya MalwaMar 1, 2024

Markets

Tesla’s Bitcoin Holdings Remain Unchanged in Q4

The Elon Musk-led company holds over $387 million worth of bitcoin.

By Shaurya MalwaJan 25, 2024

Tesla Charging Station Electric Car (Blomst/Pixabay)

Videos

Bitcoin Breaks Past $44K; Elon Musk Says His AI Startup Is 'Not Raising Money Right Now'

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including bitcoin's (BTC) latest price action after the largest cryptocurrency by market capitalization edged over $44,000. Elon Musk posted on X (formerly Twitter) that his artificial intelligence startup xAI was not "raising money". Plus, Blackrock and Bitwise both filed amended S1 forms with the Securities and Exchange Commission on Monday.

Dec 6, 2023

Markets

Elon Musk Halts Dogecoin Surge by Saying His AI Business Is 'Not Raising Money'

DOGE surged Tuesday after an SEC filing showed xAI had already raised $134.7 million and might seek $1 billion.

By Shaurya MalwaDec 6, 2023

Finance

This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back

BTC just touched $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are taking another look.

By Nick BakerDec 6, 2023

Is bitcoin going to the moon again? (NASA)

Tech

Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering

The filing says the company has already sold $134.7 million of the securities.

By Bradley KeounDec 5, 2023

Markets

Elon Musk-Inspired 'Go F--K Yourself,' Cybertruck Tokens Surge Among Microcap Punters

Tokens like GFY, TRUCK and GROK tied to Musk's products and recent statements have popped up on Ethereum and other blockchains.

By Shaurya MalwaDec 1, 2023

Tech

Dogecoin Funded SpaceX ‘Doge-1’ Moon Mission Gets a Step Closer to Launch

Doge-1 is a cube satellite that will orbit the moon and broadcast a video feed.

By Shaurya MalwaNov 29, 2023

DOGE-1 Mission on SpaceX is nearing a launch. (Dogecoin)

Videos

GROK Token Interest Climbs; Former FTX Execs Will Reportedly Start New Crypto Exchange

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the interest behind a token inspired by Grok AI, an artificial intelligence service by Elon Musk-owned social app X. The Wall Street Journal reports a new crypto exchange will be launched by former FTX executives. And, court documents show Genesis has agreed to settle $1 billion in claims by defunct hedge fund Three Arrows Capital. CoinDesk and Genesis are both owned by DCG.

Nov 13, 2023