Errol Musk, the 79-year-old South African father of Elon and Kimbal Musk, has made a remarkable disclosure about his family’s relationship with cryptocurrency. In a recent interview, the engineer and entrepreneur claimed that both of his sons hold a considerable amount of Bitcoin, putting a specific and eyebrow-raising number to a topic that neither Elon nor Kimbal has ever addressed publicly with that level of detail.
According to Errol, the two brothers together hold 23,400 Bitcoin. At recent market prices, that figure would represent a position worth well over a billion dollars, though neither Elon nor Kimbal has confirmed the claim independently. The disclosure came as part of a broader and unusually candid conversation about the Musk family’s ties to digital assets and Errol’s own evolving views on the future of money.
A father who believes in crypto but does not own any
What makes Errol’s position particularly interesting is the gap between his convictions and his own portfolio. He described himself as a firm believer in the long-term future of cryptocurrency, grounding that belief in firsthand frustration with the traditional banking system. Cross-border transfers between South Africa and the United States, he explained, are slow and often impractical, while crypto transactions move instantly and without the friction of legacy finance.
He noted personal connections within the crypto industry, including meetings with prominent founders from major exchanges, and confirmed that he has received crypto payments directly outside of conventional banking channels. Despite all of this, he acknowledged that he does not currently hold any digital assets himself, and that his working knowledge of the space remains limited even as his enthusiasm for it grows.
The Musk family’s broader crypto exposure
The claim about Elon and Kimbal comes against a backdrop of well-documented corporate crypto holdings. Tesla currently holds more than 11,500 Bitcoin on its balance sheet, a position worth hundreds of millions of dollars. SpaceX holds an even larger position, with more than 8,200 Bitcoin that has remained largely unchanged since mid-2024.
Elon has long been a vocal supporter of Bitcoin and Dogecoin, but has stopped short of disclosing personal holdings in specific quantities. Errol also mentioned that the family once received a payment in Solana, a separate cryptocurrency, and that they exited that position near its peak value.
Kimbal Musk’s complicated relationship with crypto
Kimbal Musk’s history with digital assets is more complicated than his brother’s. He publicly dismissed cryptocurrency as a nonstarter in 2022, criticizing its environmental impact at a time when that conversation was at its loudest. Yet in that same period, he launched a charitable giving platform built on the Ethereum blockchain, a move that seemed to contradict his earlier skepticism and suggested a more nuanced view of the technology than his public statements implied.
Kimbal currently serves on the boards of both Tesla and SpaceX. Outside of those roles, he is best known for founding a restaurant group and a nonprofit organization focused on food education in schools. He also leads a drone entertainment company that stages large-scale synchronized aerial shows.
What it all means
Whether or not Errol’s specific figures are accurate, the interview offers a rare and informal window into how the Musk family privately thinks about wealth, technology, and the future of finance. Errol’s certainty that the old financial model has run its course is sweeping, but it echoes a sentiment that has moved steadily from the fringes toward the mainstream. With Bitcoin’s price continuing to draw intense scrutiny from investors and institutions alike, the timing of his comments is anything but accidental.
