LinkedIn founder bets on Ethereum…holds $6.1 million worth

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JOON HYOUNG LEE

Summary

  • Reid Hoffman, the founder of LinkedIn, reportedly holds about 3,080 Ethereum (ETH), currently valued at around $6.1 million.
  • Arkham said Hoffman bought a CryptoPunks non-fungible token (NFT) late last year using 150 Ethereum.
  • Arkham said Tesla and SpaceX, founded by Elon Musk, currently hold $1.3 billion worth of Bitcoin (BTC) and are betting on Bitcoin.

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Reid Hoffman, the founder of LinkedIn, has been found to hold more than 3,000 Ethereum (ETH).

According to blockchain analytics firm Arkham on the 27th (local time), Hoffman holds about 3,080 Ethereum as of that day. Its current value is $6.1 million (about 900 million won). Arkham said, "(Hoffman) also bought a CryptoPunks non-fungible token (NFT) late last year using 150 Ethereum."

Arkham added, "By contrast, Elon Musk, a former PayPal colleague of Hoffman, is betting on Bitcoin." According to Arkham, Tesla and SpaceX, founded by Musk, currently hold Bitcoin (BTC) worth $1.3 billion (about 1.9 trillion won).

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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