Reid Hoffman, the prominent venture capitalist and co-founder of the world\u2019s leading professional networking service, LinkedIn, is heavily invested in Ethereum, according to Arkham Intelligence.<\/p>\n
Data cited by the firm shows Hoffman holds $6.1 million worth of ETH in a publicly known address. He also owns a CryptoPunk NFT, which was purchased for 150 ETH late last year.<\/p>\n
Hoffman has been a long-time supporter of crypto. He even led Greylock\u2019s 2014 Series A investment in Xapo, a firm that built a Bitcoin wallet platform. He had then commented<\/a>,<\/p>\n \u201cBitcoin has the potential to be a massively disruptive technology. It is the leading digital currency and it\u2019s growing fast. As an investor and technologist, I am interested in bitcoin on three levels: As an asset, (i.e. a digital alternative to gold); as a currency (to create a new transactional layer on the internet); and as a platform (to build alternative kinds of financial applications).\u201d<\/p>\n Nearly a decade later, in August 2023, Hoffman announced he would not act as a general partner in Greylock\u2019s upcoming funds and instead opted to remain involved as a venture partner.<\/p>\n Meanwhile, his former PayPal colleague Elon Musk is backing<\/a> Bitcoin, as Tesla, Inc. and SpaceX hold a combined $1.3 billion in Bitcoin on their balance sheets.<\/p>\n Earlier this week, Bitcoin and Ethereum each attracted gains after positive sentiment generated by a major US political speech by Donald Trump. But on Friday, both assets were slightly lower in early trading as broader technology stocks retreated.<\/p>\n Additionally, broader institutional activity shows large stakeholders dynamically adjusting positions: analytics data indicate that SpaceX moved<\/a> over 1,000 BTC (approximately $94.5 million in value at that time) to Coinbase Prime in late 2025 amid speculation about the company\u2019s future public offering.<\/p>\n On the Ethereum side, significant planned divestments by Ethereum co-founder Vitalik Buterin have drawn<\/a> attention in recent weeks for the magnitude of tokens moved, even though the market remained largely unfazed by these sales.<\/p>\n The post The $6.1M Wallet: Inside LinkedIn Founder Reid Hoffman\u2019s Ethereum Holdings<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Reid Hoffman, the prominent venture capitalist and co-founder of the world\u2019s leading professional networking service, LinkedIn, is heavily invested in Ethereum, according to Arkham Intelligence. Data cited by the firm shows Hoffman holds $6.1 million worth of ETH in a publicly known address. He also owns a CryptoPunk NFT, which was purchased for 150 ETH […]<\/p>\n","protected":false},"author":0,"featured_media":138649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-138648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138648"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138648"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/138649"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Short-Lived Gains<\/h2>\n