Bitcoin, which is secured by a network of so-called miners who use powerful computers to validate transactions in return for newly issued bitcoin, uses as much electricity each year as some small countries, with its energy demands climbing along with its price as more miners join the network.

Elon Musk has never shied away from contradictory moves, but his latest actions have the financial world spinning.

The company's bitcoin stash remained at 11,509 BTC, worth about $880 million at bitcoin's current price of around $78,000.

Tesla billionaire Elon Musk has teased the crypto community with his “true currency” just as his X platform gears up to “fix”

Elon Musk Crypto Investment remains a major topic for every investor following the digital-asset market in 2026. Elon Musk has publicly stated that he personally owns Bitcoin, Ethereum, and Dogecoin. Although many tokens use his name, image, or reputation ...