The $6.1M Wallet: Inside LinkedIn Founder Reid Hoffman’s Ethereum Holdings
Reid Hoffman, the outstanding enterprise capitalist and co-founder of the world’s main skilled networking service, LinkedIn, is closely invested in Ethereum, in response to Arkham Intelligence.
Data cited by the agency reveals Hoffman holds $6.1 million price of ETH in a publicly identified deal with. He additionally owns a CryptoPunk NFT, which was bought for 150 ETH late final yr.
Investment in Xapo
Hoffman has been a long-time supporter of crypto. He even led Greylock’s 2014 Series A funding in Xapo, a agency that constructed a Bitcoin pockets platform. He had then commented,
“Bitcoin has the potential to be a massively disruptive expertise. It is the main digital forex and it’s rising quick. As an investor and technologist, I’m curious about bitcoin on three ranges: As an asset, (i.e. a digital different to gold); as a forex (to create a brand new transactional layer on the web); and as a platform (to construct different sorts of economic purposes).”
Nearly a decade later, in August 2023, Hoffman introduced he wouldn’t act as a normal companion in Greylock’s upcoming funds and as an alternative opted to stay concerned as a enterprise companion.
Meanwhile, his former PayPal colleague Elon Musk is backing Bitcoin, as Tesla, Inc. and SpaceX maintain a mixed $1.3 billion in Bitcoin on their stability sheets.
Short-Lived Gains
Earlier this week, Bitcoin and Ethereum every attracted positive factors after optimistic sentiment generated by a serious US political speech by Donald Trump. But on Friday, each belongings had been barely decrease in early buying and selling as broader expertise shares retreated.
Additionally, broader institutional exercise reveals giant stakeholders dynamically adjusting positions: analytics information point out that SpaceX moved over 1,000 BTC (roughly $94.5 million in worth at the moment) to Coinbase Prime in late 2025 amid hypothesis in regards to the firm’s future public providing.
On the Ethereum aspect, vital deliberate divestments by Ethereum co-founder Vitalik Buterin have drawn consideration in current weeks for the magnitude of tokens moved, though the market remained largely unfazed by these gross sales.
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