Fact Check: Is Elon Musk Secretly Buying Bitcoin?

Story Highlights

• Elon Musk liked a tweet suggesting he’s secretly buying Bitcoin, sparking fresh speculation.

• The buzz comes amid Musk’s public clash with Trump over the “Big Beautiful Bill.”

• Tesla still holds over $1.2B in BTC, with rumors of a possible new $3B buy.

It all started with a like.

Elon Musk and Bitcoin – it’s a relationship that never really goes quiet. For years now, there’s been constant chatter around whether the Tesla CEO is quietly buying more BTC, especially during uncertain times. Some even believe he’s stacking to protect against what they see as a weakening U.S. dollar.

That buzz just got louder again. Here’s why.

The Tweet That Sparked It All

A crypto analyst and reporter from Bitcoin Magazine shared a bold update on X:

“$400 BILLION WORLD’S RICHEST MAN JUST LIKED A X POST SAYING HE’S SECRETLY BUYING #BITCOIN 👀 ELON MUSK IS BUYING BTC!!! 🚀”

🇺🇸 $400 BILLION WORLD’S RICHEST MAN JUST LIKED A X POST SAYING HE’S SECRETLY BUYING #BITCOIN 👀

ELON MUSK IS BUYING BTC!!! 🚀 pic.twitter.com/yLa6k7x2I2

— Vivek⚡️ (@Vivek4real_) July 2, 2025

It all started with a tweet pointing out how Musk has been vocal about government overspending and economic mismanagement – but hasn’t mentioned Bitcoin in a while.

A reply suggested he might be quietly buying. That’s the post Musk liked and yes, it looks like the like came from his verified profile.

Some users were quick to call it fake, but @coinjoined, the original poster, shared a screen recording showing the like came from Musk’s official account. There’s been no official comment, but it hasn’t stopped Crypto Twitter from going all-in on speculation.

Timing Matters – Musk vs Trump Over the “Big Beautiful Bill”

The timing is definitely interesting. It comes at a time when Musk is clashing with Donald Trump over the controversial “Big Beautiful Bill” – a massive spending plan that includes tax breaks for the wealthy, plans for mass deportations, and a $5 trillion debt ceiling raise.

Musk, who was once head of the Department of Government Efficiency (DOGE), slammed the bill, calling it a “disgusting abomination.” Trump hit back on Truth Social, suggesting Musk wouldn’t survive without government subsidies and he would have to “pack up and move back to South Africa”.

All of this adds to the tension and gives more weight to the idea that Musk could be quietly moving money into Bitcoin as a hedge.

Tesla’s Bitcoin Holdings: No Sales, More Rumors

Tesla already holds 11,509 BTC, worth around $1.24 billion at current prices. And they haven’t sold a single coin recently, even as Bitcoin hit new highs. That alone is enough to raise eyebrows.

In fact, rumors have been floating for a while now that Tesla might be planning to buy another $3 billion worth of Bitcoin. Nothing confirmed, but the company already has Coinbase Prime Custody in place, so it’s well-positioned to scale up.

So, Is Musk Buying Bitcoin Again?

There’s no official confirmation – just a liked tweet and a very active rumor mill. But with Musk, subtle moves often lead to big headlines. And given the political drama, economic uncertainty, and his history with crypto, it wouldn’t be surprising if he’s once again betting on Bitcoin.

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