ExchangeDEX+
Buy CryptoMarketsSpotFuturesSILVEREarnEvent Centre
More
Former PayPal colleagues split strategies, as Hoffman goes long on Ethereum while Musk aligns with Bitcoin through corporate treasuries.Former PayPal colleagues split strategies, as Hoffman goes long on Ethereum while Musk aligns with Bitcoin through corporate treasuries.

The $6.1M Wallet: Inside LinkedIn Founder Reid Hoffman’s Ethereum Holdings

Author: CryptoPotato
Source: CryptoPotato
2026/02/28 03:05
2 min read
Belong
LONG$0.00221-1.29%

Reid Hoffman, the prominent venture capitalist and co-founder of the world’s 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 late last year.

Investment in Xapo

Hoffman has been a long-time supporter of crypto. He even led Greylock’s 2014 Series A investment in Xapo, a firm that built a Bitcoin wallet platform. He had then commented,

Nearly a decade later, in August 2023, Hoffman announced he would not act as a general partner in Greylock’s upcoming funds and instead opted to remain involved as a venture partner.

Meanwhile, his former PayPal colleague Elon Musk is backing Bitcoin, as Tesla, Inc. and SpaceX hold a combined $1.3 billion in Bitcoin on their balance sheets.

Short-Lived Gains

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.

Additionally, broader institutional activity shows large stakeholders dynamically adjusting positions: analytics data indicate that SpaceX moved over 1,000 BTC (approximately $94.5 million in value at that time) to Coinbase Prime in late 2025 amid speculation about the company’s future public offering.

On the Ethereum side, significant planned divestments by Ethereum co-founder Vitalik Buterin have drawn attention in recent weeks for the magnitude of tokens moved, even though the market remained largely unfazed by these sales.

The post The $6.1M Wallet: Inside LinkedIn Founder Reid Hoffman’s Ethereum Holdings appeared first on CryptoPotato.

Market Opportunity
Belong Logo
Belong Price(LONG)
$0.00221
$0.00221$0.00221
+2.55%
USD
Belong (LONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
BitcoinEthereumNews2025/09/18 08:42
SEC Adopts Final Rules Under HFIA Act to Boost Foreign Insider Transparency

SEC Adopts Final Rules Under HFIA Act to Boost Foreign Insider Transparency

TLDR: The HFIA Act was enacted on December 18, 2025, mandating SEC action within 90 days of enactment. FPI directors and officers must file Section 16 reports electronically
Share
Blockonomi2026/02/28 07:17
SEC is seeking to regain crypto ground following ‘missed opportunity,’ Chairman Atkins says

SEC is seeking to regain crypto ground following ‘missed opportunity,’ Chairman Atkins says

The SEC is working to regain momentum on crypto after what Atkins described as a “big missed opportunity” under the prior administration.
Share
Coinstats2026/02/28 06:40