Vitalik Buterin, a name that resonates in the world of cryptocurrencies and blockchain, has not only transformed the world of blockchain but has also earned exceptional financial fortunes. He is considered one of the most renowned and prominent personalities in the cryptocurrency sector.
As the co-founder of Ethereum, rumors are swirling about his net worth and how much Ethereum (ETH) he owns. So, let’s dive deeper to learn more about this visionary’s cryptocurrency holdings.
Buterin’s impressive net worth!
Vitalik has an impressive net worth of around $600 million. His net worth comes primarily from his cryptocurrency holdings, namely his ETH holdings, which account for almost 90%. Buterin recently expressed his personal belief in Ethereum as a store of value. Buterin commented, “If I didn’t believe in ETH as an SOV, I wouldn’t have almost 90% of my net worth in it.”
However, it may not be possible to determine Buterin’s exact figure, as his non-crypto assets (such as cash, real estate, and private equity investments) and undeclared crypto holdings are not publicly available. However, his recent statement implies that a significant portion of his wealth is in cryptocurrencies, particularly ETH.
Three years ago, Buterin publicly revealed that he held 325,000 ETH, valued at $1.46 billion at the time, with ETH being priced at $4,500 per coin. Currently, Buterin’s holdings have dwindled to 240,000 ETH, now worth around $592 million. In August alone, Vitalik diluted his ETH holdings by over $1.2 billion. His most recent sale was on August 30, when Vitalik sold nearly $2 million worth of ETH.
Impact of Buterin’s transfers
From time to time, Buterin transfers a small portion of his funds to major exchanges and other crypto platforms, alongside other philanthropic activities. This could be the reason why his holdings have been decreasing. Some users on X have tried to bring up Buterin’s ETH sales, claiming that the ETH co-founder is busy distracting from his sales with random technicalities rather than addressing his sales.
Buterin recently clarified that he never sold ETH for personal expenses and that he used all of his ETH sales for donations. He claims that he hasn’t sold his profits since 2018 and has donated all of the money to promising companies and charities. Vitalik’s sales have severely impacted the price of Ethereum, which is currently trading at $2,522. On the monthly chart, ETH is down about 20% since August 1
Community support
However, many users are speaking out in support of Vitalik. In one such post, a user explains that selling co-founders’ profits is frowned upon in the industry and supports Vitalik.
As a visionary and driving force behind Ethereum, Vitalik has become a highly respected figure in the blockchain community. He continues to contribute to the development of the Ethereum network and advocate for decentralized technologies.
