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Cryptocurrency News Articles
Ethereum Co-Founder Vitalik Buterin Personally Owns $600 Million in Ethereum
Aug 31, 2024 at 07:21 pm
Ethereum co-founder Vitalik Buterin is one of the most well-known and visible figures in the cryptocurrency industry. As one of the co-founders of Ethereum
Ethereum co-founder Vitalik Buterin is known for his strong belief in the second largest cryptocurrency as a store of value (SOV). In a recent tweet, on-chain analytics firm Lookonchain provided some insight into Buterin's ETH holdings over the last three years.
Ethereum co-founder Vitalik Buterin is known for his strong belief in the second largest cryptocurrency as a store of value (SOV). In a recent tweet, on-chain analytics firm Lookonchain provided some insight into Buterin's ETH holdings over the last three years.
According to the firm, three years ago, Buterin disclosed that he held 325,000 ETH, which was valued at $1.46 billion at the time, with the price of ETH standing at $4,500 per coin.
According to the firm, three years ago, Buterin disclosed that he held 325,000 ETH, which was valued at $1.46 billion at the time, with the price of ETH standing at $4,500 per coin.
Now, Buterin's holdings have decreased to 240,000 ETH, which is currently valued at around $592 million. This means that Buterin has reduced his ETH holdings by 85,000 ETH, or $209 million, over the last three years.
Now, Buterin's holdings have decreased to 240,000 ETH, which is currently valued at around $592 million. This means that Buterin has reduced his ETH holdings by 85,000 ETH, or $209 million, over the last three years.
"3 years ago, @VitalikButerin mentioned he held 325K $ETH($1.46B at the time), when the price of $ETH was $4,500.
"3 years ago, @VitalikButerin mentioned he held 325K $ETH($1.46B at the time), when the price of $ETH was $4,500.
Now he holds 240K $ETH($592M).
Now he holds 240K $ETH($592M).
He has reduced his holdings by 85K $ETH($209M) in 3 years."
He has reduced his holdings by 85K $ETH($209M) in 3 years."
According to Lookonchain, Buterin occasionally transfers a small portion of his funds over to major exchanges and other crypto platforms alongside further philanthropic activity. This could explain why his holdings have decreased.
According to Lookonchain, Buterin occasionally transfers a small portion of his funds over to major exchanges and other crypto platforms alongside further philanthropic activity. This could explain why his holdings have decreased.
At the time of writing, ETH was up 0.51% in the last 24 hours to $2,526.
At the time of writing, ETH was up 0.51% in the last 24 hours to $2,526.
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