"My Two Sons Own Bitcoin Worth 2.5 Trillion Won," Testifies Musk's Father

Likely Includes Tesla and SpaceX Holdings

Estimated Personal Holdings Around 3,600 Bitcoins

Elon Musk, CEO of Tesla, and his brother Kimbal Musk reportedly own Bitcoin worth 2.5 trillion won, according to testimony from a family member.

Elon Musk, CEO of Tesla. Photo by AFP Yonhap News

On April 17 (local time), U.S. economic media outlet Benzinga reported that Errol Musk, father of the Musk brothers, stated in a recent interview with a cryptocurrency-focused media outlet that his two sons together hold a total of 23,400 Bitcoins. With the current price of Bitcoin at $74,000 per coin (approximately 10.86 million won), the value of the brothers' Bitcoin holdings amounts to $1.7 billion (about 2.5 trillion won).

Currently, Tesla, led by Elon, is known to own 11,509 Bitcoins, while aerospace company SpaceX holds 8,285 Bitcoins. Excluding the amounts owned by the two companies, it is estimated that the Musk brothers personally own around 3,606 Bitcoins.

Elon has never publicly disclosed the amount of Bitcoin he personally holds. The information revealed this time is based on statements from his family, so the actual existence of personal wallets or the exact amount held has not been officially confirmed.

Kimbal Musk, the younger brother, once publicly stated that virtual assets cannot be realized. However, he also launched the 'Big Green DAO,' a project aimed at innovating charitable giving models on the Ethereum blockchain.

Elon has expressed interest in cryptocurrencies on multiple occasions. In the past, he has mentioned Dogecoin, a so-called 'meme coin' inspired by popular content on the internet and social media, several times—driving significant price fluctuations. Most recently, he added a feature to his social networking service X (formerly Twitter), which he operates, that enables real-time cryptocurrency price checking.

Meanwhile, Elon is preparing for the much-anticipated IPO of SpaceX, regarded as the biggest public offering of the year. SpaceX's corporate value is expected to reach $200 billion. If the IPO succeeds, Elon is expected to surpass a net worth of $100 billion, becoming the world's first "hectobillionaire." According to fintech analytics firm PitchBook, Elon currently owns an estimated 42% stake in SpaceX. Post-IPO, the simple calculation of his SpaceX share value would reach $80 billion.

Elon also owns more than a 50% stake in Neuralink, a privately held brain-computer interface (BCI) company. He remains the largest shareholder in The Boring Company, a tunneling firm spun off from SpaceX in 2018. If he indeed owns the large volume of Bitcoins mentioned by his father Errol, his total assets would increase even further.

This content was produced with the assistance of AI translation services.