Reid Hoffman, the distinguished enterprise capitalist and co-founder of the world’s main skilled networking service, LinkedIn, is closely invested in Ethereum, based on Arkham Intelligence.
Knowledge cited by the agency exhibits Hoffman holds $6.1 million value of ETH in a publicly recognized handle. He additionally owns a CryptoPunk NFT, which was bought for 150 ETH late final 12 months.
Funding in Xapo
Hoffman has been a long-time supporter of crypto. He even led Greylock’s 2014 Collection 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’s the main digital forex and it’s rising quick. As an investor and technologist, I’m taken with 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).”
Practically a decade later, in August 2023, Hoffman introduced he wouldn’t act as a common companion in Greylock’s upcoming funds and as an alternative opted to stay concerned as a enterprise companion.
In the meantime, 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.
Brief-Lived Positive factors
Earlier this week, Bitcoin and Ethereum every attracted features after constructive sentiment generated by a serious US political speech by Donald Trump. However on Friday, each property have been barely decrease in early buying and selling as broader expertise shares retreated.
Moreover, broader institutional exercise exhibits 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 concerning the firm’s future public providing.
On the Ethereum aspect, important deliberate divestments by Ethereum co-founder Vitalik Buterin have drawn consideration in latest weeks for the magnitude of tokens moved, regardless that the market remained largely unfazed by these gross sales.
The publish The $6.1M Pockets: Inside LinkedIn Founder Reid Hoffman’s Ethereum Holdings appeared first on CryptoPotato.