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Musk Says SpaceX Owns Bitcoin, Wood Touts Balance-Sheet Benefits

July 21, 2021, 8:06 PM

Elon Musk’s love affair with Bitcoin runs deeper than previously known.

The billionaire head of Tesla Inc. said his space exploration company also owns the digital token -- and has no plans to sell it.

Elon Musk
Photographer: Al Drago/Bloomberg

Speaking at “The B Word” conference hosted by the Crypto Council for Innovation, Musk discussed the outlook for Bitcoin with fellow backers Cathie Wood, head of Ark Investment Management, and Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc.

LISTEN: Mike McGlone, Bloomberg Intelligence Commodity Strategist, discusses Elon Musk and other investors’ love affair with bitcoin with Rishaad Salamat and Bryan Curtis on Bloomberg Daybreak Asia.

Musk said that he personally owns Bitcoin, Ethereum and Dogecoin, while Tesla and SpaceX both exclusively own Bitcoin. The ...