Elon Musk: I Own BTC, SpaceX Owns BTC, Tesla Owns BTC


In a virtual Bitcoin (BTC) event, Elon Musk said he is positive about Bitcoin using green energy in the future.

Elon said he owns BTC, SpaceX owns BTC, Tesla owns BTC but they won't sell any
Elon Musk: I Own BTC, SpaceX Owns BTC, Tesla Owns BTC

The virtual Bitcoin (BTC) event was organized by Twitter CEO Jack Dorsey, Elon Musk, Ark Invest’s Cathie Wood, and Steve Lee from Square Crypto.


The thing that surprised people the most is that during the event, Musk revealed for the first time that SpaceX owns Bitcoin. This statement shocked the entire world. What is more, he said that Tesla is not accepting BTC payments now but maybe in the future.


However, Musk didn't give any details on how much Bitcoin his other company, SpaceX has acquired. But, he said,

“I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin, and I do personally own a bit of Ethereum and Dogecoin of course.”

In May, Musk stated that Tesla would no longer take BTC payments due to the network’s “increasingly fast use of fossil fuels.” As a result, the price of the crypto asset fell under $40,000 for the first time since February.


However, the billionaire later clarified that the firm would resume BTC transactions when he confirms that miners can use more than 50% clean energy “with the positive future trend.”


Musk also discussed some of the accusations from experts that he had organized a pump-and-dump scheme given his social media posts on crypto including BTC and Dogecoin (DOGE).


Elon Musk said,

“If the price of Bitcoin goes down, I lose money. I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling it or anything like that.”

He said the only three assets “of any significance” that he kept outside of SpaceX and Tesla stock were BTC, DOGE, and Ether (ETH), and that neither he nor Tesla had sold any BTC since the news stopping crypto payments.