Saudi Press

Saudi Arabia and the world
Saturday, Aug 30, 2025

Elon Musk Confirmed That He Owns Dogecoin, Bitcoin and Ethereum

Elon Musk Confirmed That He Owns Dogecoin, Bitcoin and Ethereum

Elon Musk confirmed that he owns Dogecoin, Bitcoin, and Ethereum during a session at the B Word conference on Thursday.

The billionaire CEO of Tesla and SpaceX, Elon Musk confirmed that he held a couple of cryptos. The digital assets he held included bitcoin, ethereum, and no other than Dogecoin. Musk participated in the B Word conference held online.

Doge community knows Elon Musk as the Dogefather, due to his public endorsements, mainly tweets of the top meme currency. Although he is very fond of the DOGE, Musk confirmed that he owned more bitcoin than Dogecoin or ethereum. To many this comes as no surprise as the billionaire had always been bullish on bitcoin and continues to back the asset.

Musk: “I Want Bitcoin To Succeed”

The Tesla CEO continued to show his support for the top digital currency, and reiterated that he wanted to see the coin succeed. His company Tesla had announced earlier in the year that it would begin accepting payment for its vehicles back in February. The company then did a 180 turn, citing bitcoin mining energy consumption as the main reason for this decision.

Many speculated that it wasn’t Musk’s decision as per se, but that several people on the board pressured the decision, as they sit in other environmental positions and it would hurt their reputation.

Dogecoin price chart from TradingView.com

Dogecoin was trading at $0.19 after Musk’s announcement | Source: DOGEUSD on TradingView.com
Musk had earlier made a statement that the automotive company would “likely” resume accepting bitcoin payments if it became greener. But more due diligence will be carried out to make sure that mining energy was at or above 50% renewable energy. He reiterated this at the B word.

“It looks like Bitcoin is shifting more toward renewables. I would want to do a little bit more due diligence to confirm the percentage of renewable energy usage is at or above 50%.”

Despite Tesla decision to stop accepting bitcoin payments, Musk held onto his coins. The SpaceX CEO also confirmed at the conference that SpaceX continues to hold the digital asset.

Doge Still Dogefather’s Favorite

Elon Musk continues to show support for the meme project. Last week, Musk had changed his Twitter profile picture to one of him with the reflection of Dogecoin on his sunglasses.

Speaking on his tweets’ price action coins, and more specifically him being accused for pump-and-dump, Musk said

“I might pump, but I don’t dump.”

After Musk’s appearance in the B Word, bitcoin broke $32,000 on an upward trend. Both Ethereum and Dogecoin also jumped higher: $2,000 and $0.19 respectively.

The long talk that Elon Musk had with Twitter and Square CEO Jack Dorsey and Ark Investment CEO and CIO Cathie Wood has given some significant boost to the market. Prices of coins have been sluggish as bitcoin had fallen below $30,000 for the second time in a one-month span.

At the time of writing Bitcoin trades at $32,663, Ethereum at $2,065, and Dogecoin is maintaining momentum and is currently trading at $0.19.

Source: Elon Musk Confirmed That He Holds Dogecoin, Bitcoin and Ethereum – Fintechs.fi

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
×