Elon Musk has once again ignited significant buzz across the cryptocurrency world after a subtle move on X (formerly Twitter) hinted at his potential quiet accumulation of Bitcoin (BTC). On July 2, Musk liked a comment speculating that he might be “quietly stacking BTC,” a suggestion made by user @coinjoined in response to @VandelayBTC’s observation of Musk's recent silence on Bitcoin. This action immediately sent crypto enthusiasts into a frenzy, with the authenticity of the like quickly confirmed, even validated by Grok, the AI developed by Musk’s xAI, albeit with a reminder for independent verification.

This renewed speculation comes at a time when Bitcoin is performing exceptionally well, trading at $107,750.71 as of July 4, 2025, and having surged nearly 85% since July 2024. The digital asset now commands a substantial market capitalization of $2.1 trillion, accounting for over 60% of the $3.3 trillion global crypto market.

Musk's connection to Bitcoin is not new. Public filings indicate that Tesla (NASDAQ: TSLA) currently holds over $1 billion worth of BTC. Although Tesla made headlines in March 2021 by accepting Bitcoin payments only to reverse the decision in May 2021 citing environmental concerns, the company never liquidated its entire position. According to the latest data, Tesla holds approximately 11,500 BTC, valued at over $1.2 billion at current prices. Furthermore, SpaceX reportedly owns around 8,285 BTC, worth roughly $895 million. Combined, Musk’s companies are sitting on nearly $2 billion in Bitcoin, having accrued more than $1.5 billion in unrealized gains since their original purchases at an average cost of approximately $32,000 per coin. This substantial portfolio underscores Musk's enduring interest in Bitcoin, even if he has maintained a low public profile regarding it.

The timing of Musk's subtle hint has led many experts to consider his silence as a potentially strategic move. By avoiding direct public pronouncements, Musk might be aiming to accumulate Bitcoin quietly, circumventing the intense scrutiny and market fluctuations that his previous tweets about cryptocurrencies like Bitcoin, Dogecoin, and Ethereum often caused. His past influence on crypto markets has been well-documented, making any hint from him a significant signal for the industry.

With Bitcoin leading a red-hot crypto market and more than 130 public companies now holding Bitcoin on their balance sheets—collectively valued at $87 billion and representing over 3.2% of the coin’s total supply—Musk’s actions carry considerable weight. For crypto investors, if Musk is indeed accumulating Bitcoin again, it could serve as a major indicator. However, it is crucial for individuals to conduct their own thorough research and remain aware of the inherent risks associated with entering the volatile crypto market.