Recently, I’ve been watching Elon Musk’s moves in the crypto market. Honestly, a single tweet from this guy can affect the direction of the entire market—indeed, it’s not simple. Many people want to know exactly what cryptocurrencies this tech giant holds, so today, let’s dig into it.

To start with, the conclusion is this: the cryptocurrencies Musk has publicly confirmed holding are only three—Bitcoin, Ethereum, and Dogecoin. As for anything else like SHIB and all kinds of altcoins, he has denied involvement with them.

Regarding Bitcoin, he’s been paying attention since 2014. Back then, at a conference, he said he was optimistic about Bitcoin and that it could be a good thing. By 2021, at the The B-Word conference, he officially announced that he and Tesla both hold Bitcoin. After that, he hasn’t really changed his tune.

Dogecoin is his real favorite. Ever since 2019, he’s kept promoting DOGE, calling it “the people’s coin,” especially among ordinary workers who don’t have financial knowledge. The key point is that he has actually collaborated with the DOGE developers to improve the network. This guy has even mentioned Dogecoin on SNL and planned to use DOGE to fund a space mission. Tesla and SpaceX also began accepting DOGE payments thanks to his push.

As for Ethereum, he’s kept a much lower profile. In 2019, he casually tweeted about Ethereum, and later he had some interactions with Vitalik, but overall, his attention to Ethereum is not as high as for Bitcoin and Dogecoin.

When it comes to Tesla’s investment, the company spent $1.5 billion on Bitcoin in early 2021. Even though it later paused Bitcoin payments, it still continued to hold the asset. According to data, Tesla currently holds 9,720 Bitcoins, with an average cost of $34,722 per coin. At the current price of over $81,000, this investment has nearly tripled, with a return of 181%—it’s really a big win.

Musk’s influence in the crypto space is truly unmatched. His tweets can directly pull up the prices of Bitcoin and Dogecoin, and his company’s policies are also driving institutional-level crypto adoption. One blockchain expert once said that tracking Musk’s holdings isn’t just about looking at a billionaire’s investment portfolio—it’s about observing a force capable of changing the entire crypto ecosystem. With just one tweet and a public statement, he can influence market sentiment and asset prices.

Now, under the Trump government, Musk is still exploring how to apply blockchain technology to government efficiency departments, which could further reshape the crypto market landscape. Whether he expands his holdings next or comments on certain crypto policies, his influence on the digital asset world won’t fade. For investors and analysts, it’s definitely necessary to keep an eye on Musk’s moves.