Elon Musk’s Dad Just Revealed How Much Bitcoin the Family Owns

TLDR

• Errol Musk, father of Elon and Kimbal Musk, claims both sons hold a combined 23,400 Bitcoin
• At around $74,000 per coin, that stash would be worth roughly $1.7 billion
• The claim has not been independently verified by either son
• Tesla holds 11,509 BTC and SpaceX holds 8,285 BTC in corporate treasuries
• X is rolling out Cashtags and preparing to launch X Money, its payments product

Errol Musk, the 79-year-old father of Elon and Kimbal Musk, told BeInCrypto in an exclusive interview that his two sons hold a combined 23,400 Bitcoin. At current prices near $74,000, that would value the stash at roughly $1.7 billion.

The claim has not been confirmed by either Elon or Kimbal, and neither has ever publicly disclosed personal Bitcoin holdings of that scale.

Errol made the comments alongside his broader views on digital assets. He said he believes crypto will replace traditional finance, citing how cross-border bank transfers between South Africa and the United States are “practically impossible,” while crypto moves instantly.

He said he has met Binance founder Changpeng Zhao and the founder of Bybit, and has personally received crypto payments. Despite his enthusiasm, Errol said he does not hold any crypto himself.

Corporate Bitcoin Holdings

Tesla currently holds 11,509 Bitcoin, worth around $850 million, according to BitcoinTreasuries.net. SpaceX holds a further 8,285 Bitcoin, valued at over $620 million. That brings combined corporate holdings to roughly 19,794 Bitcoin.

The gap between that figure and the 23,400 Errol cited suggests he may be referring to personal holdings outside of corporate balance sheets.

Errol also said the Musk family once received payment in Solana and sold at the peak, though he did not specify the amount or exact timing.

Elon has previously publicly supported Bitcoin and Dogecoin but has never confirmed owning a specific quantity of either.

Kimbal Musk’s position on crypto has shifted over time. In 2022, he publicly called cryptocurrency a “nonstarter” and criticised its environmental impact. That same year, he launched the Big Green DAO on the Ethereum blockchain to modernise charitable giving.

Kimbal currently sits on the boards of both Tesla and SpaceX. He is also the founder of The Kitchen Restaurant Group, the nonprofit Big Green, and drone entertainment company Nova Sky Stories.

X Money and Cashtags

Separately, Elon Musk’s platform X launched a Cashtags feature this week, giving U.S. and Canadian iOS users access to real-time stock and crypto price charts inside the app.

X Money, the platform’s broader payments product, is expected to enter early public access in April. It promises peer-to-peer transfers, a Visa debit card, 6% APY through Cross River Bank, and cashback rewards in over 40 U.S. states.

Prediction market Polymarket gives X Money a 31% chance of launching by April 30.

Senator Elizabeth Warren sent a letter this week warning of consumer and financial stability risks tied to the product.

Bitcoin is currently trading around $74,000. Polymarket bettors give it a 36% chance of reaching $100,000 by year-end, based on over $31 million in volume.

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