Elon Musk Holds $5 Billion in Bitcoin, According to SkyBridge Capital’s Anthony Scaramucci

Published by andrewpbreen@gmail.com on

Anthony Scaramucci, the founder of global investment firm SkyBridge Capital, says Elon Musk’s $1.5 billion Bitcoin purchase is just the tip of the iceberg.

In a new tweet, the former White House communications director reveals that Musk is also holding Bitcoin through his aerospace manufacturing company SpaceX.

“Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet. Elon Musk owns over $5 billion in Bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against climate change.”

Last month, MicroStrategy CEO Michael Saylor revealed that SpaceX is among the 7,000 companies that sent representatives to the business intelligence firm’s Bitcoin summit, an event launched for companies that are interested in buying BTC as a treasury asset.

Scaramucci adds that Musk’s multi-billion-dollar BTC investment is part of his vision to create a world that relies on renewable energy.

“The idea Elon Musk would invest in a ‘dirty asset’ is absurd. Future of Bitcoin mining is renewable energy. Elon Musk sees a future in which 1) renewables replace fossil fuels 2) Bitcoin demonetizes gold, RE, equities & art + becomes a dominant store of value.

Answer to energy FUD is Elon Musk!”

According to a recent survey conducted by the Cambridge Centre for Alternative Finance, miners of Bitcoin and similar crypto assets use renewables to power 39% of their total energy consumption.

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