An audio recording featuring Elon Musk has surfaced, revealing details about the cryptocurrencies Musk owns and the cryptocurrencies his company owns.
In the recording, Musk revealed that he has “a little bit of Dogecoin.”
He also revealed that private aerospace company SpaceX also holds “a significant amount of Bitcoin.” However, the exact amount remains unknown because unlike public companies, SpaceX is not required to disclose such details.
Another Musk project, Tesla, previously made headlines with a significant Bitcoin purchase in 2021 but later sold most of its shares due to environmental concerns. There is speculation that Musk's statements could signal a potential change in Tesla's stance on Bitcoin, raising the possibility of a future re-entry into the cryptocurrency market.
Meanwhile, former President Donald Trump announced an initiative called the “Department of Government Efficiency” (DOGE) in reference to Dogecoin. Trump described DOGE in his statement as an effort to “reduce excessive regulations, cut wasteful spending, and restructure Federal Agencies.” He noted that Musk and entrepreneur Vivek Ramaswamy would contribute to the project, which is scheduled to be completed by July 4, 2026, the 250th anniversary of the Declaration of Independence.
While the funding and staffing for the DOGE initiative remains unclear, a social media account associated with the project posted a call for “small government revolutionaries with extremely high IQs willing to work 80+ hours a week to reduce unattractive costs.” Musk later confirmed that participation would be free, adding that “there is no fee.”
