Elon Musk's Father Reveals Family's Massive Bitcoin Holdings

Errol Musk says his sons Elon and Kimbal hold 23,400 BTC worth $1.7 billion, nearly double Tesla's corporate Bitcoin stash.

Apr. 14, 2026 at 1:23pm by

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An extreme close-up of various heavy, metallic banking and financial equipment, such as vault doors, coin counters, and security systems, all in a dark, industrial color palette, conveying the tangible power and scale of the Musk family's cryptocurrency assets.The Musk family's vast cryptocurrency holdings represent a significant concentration of digital wealth, underscoring the growing influence of tech leaders in the evolving financial landscape.San Francisco Today

In a revealing interview, Errol Musk, the 79-year-old father of Elon and Kimbal Musk, disclosed that his two sons jointly hold 23,400 Bitcoin worth approximately $1.7 billion. This figure is nearly double the amount of Bitcoin held by Tesla, the electric vehicle company founded and led by Elon Musk. Errol also shared his personal views on the future of crypto, describing it as the inevitable replacement for traditional finance.

Why it matters

The Musk family's substantial Bitcoin holdings, if accurate, would make them one of the largest individual Bitcoin owners in the world. This further highlights Elon Musk's significant influence in the crypto market, as his personal and corporate positions in digital assets continue to grow. Errol's commentary also provides a unique perspective on crypto's real-world utility, especially for those facing challenges with traditional banking systems.

The details

According to Errol Musk, his sons Elon and Kimbal Musk jointly hold 23,400 Bitcoin, worth approximately $1.7 billion at current prices. This figure exceeds the 11,509 BTC held by Tesla, the electric vehicle company founded and led by Elon, as well as the 8,285 BTC held by SpaceX, another company Elon leads. Errol also revealed that the Musk family has received payments in other cryptocurrencies, such as Solana, and has interacted with prominent figures in the industry, including the founders of Binance and Bybit.

  • Errol Musk's interview with BeInCrypto was published on April 14, 2026.

The players

Errol Musk

The 79-year-old father of Elon and Kimbal Musk, who revealed details about his sons' substantial Bitcoin holdings and shared his personal views on the future of cryptocurrency.

Elon Musk

The founder and CEO of Tesla, who is also known for his significant personal and corporate involvement in the cryptocurrency market.

Kimbal Musk

Elon Musk's brother, who jointly holds 23,400 Bitcoin with Elon according to their father, Errol Musk.

Changpeng Zhao

The founder of Binance, one of the world's largest cryptocurrency exchanges, whom Errol Musk has personally met.

Bybit Founder

The founder of the cryptocurrency exchange Bybit, whom Errol Musk has also personally met.

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What they’re saying

“I have no doubt that crypto will be the future of finance. The old model has run its course, it's finished. The new form of money management is clearly crypto.”

— Errol Musk, Father of Elon and Kimbal Musk

“If I'm in South Africa and I want to bring some money from America through a bank, it's impossible. They make it so impossible through the bank. If I go to my friends in crypto, they do it immediately, no problem.”

— Errol Musk, Father of Elon and Kimbal Musk

What’s next

The Musk family has not confirmed the 23,400 BTC figure reported by Errol Musk, so the accuracy of this claim remains unverified. However, the broader picture of the Musk family's significant involvement in the cryptocurrency market, both personally and through their companies, is well-established.

The takeaway

The Musk family's extensive exposure to Bitcoin and other cryptocurrencies, as revealed by Errol Musk, underscores the growing influence of the Musk family in the digital asset space. Their personal and corporate holdings, combined with Elon Musk's public advocacy for certain cryptocurrencies, make the Musks one of the most prominent crypto-connected families in the world.