LinkedIn Founder Holds $6 Million Worth of Ethereum (ETH)
Analysis
Price Impact
LowWhile it's notable that a prominent figure like reid hoffman holds a significant amount of eth, this information is about existing holdings and doesn't represent new buying pressure or a fundamental shift in market dynamics. the market has already absorbed this information over time as he's known to be an early investor.
Trustworthiness
HighThe information comes from arkham, a reputable blockchain intelligence firm, which is a reliable source for on-chain data. reid hoffman's long-standing involvement in crypto is also well-documented.
Price Direction
NeutralThe news reports on existing holdings and a long-term conviction. it does not indicate any immediate catalyst for a price change, either up or down. his positions are likely established and have been held for some time.
Time Effect
LongReid hoffman has been invested in crypto since 2013, and his current holdings reflect a long-term perspective. this news is more about his sustained belief and investment strategy rather than a short-term trading signal.
Original Article:
Article Content:
Cover image via www.youtube.com Blockchain intelligence firm Arkham recently identified a public Ethereum address belonging to the LinkedIn co-founder and venture capitalist, Reid Hoffman. Advertisement Their tracking data shows that Hoffman holds a substantial $6.1 million strictly in ETH. This shows that he has a heavily concentrated "long" position on the asset. HOT Stories LinkedIn Founder Holds $6 Million Worth of Ethereum (ETH) Morning Crypto Report: XRP Reclaims Key 200-Week Support, Bitcoin Briefly Hits $47,511 in $8 Million Mistake, USDC on Cardano Hits First Big Milestone On top of his liquid ETH holdings, Hoffman is the owner of a highly coveted CryptoPunk NFT, which Arkham noted he purchased for 150 ETH. Advertisement A long-time crypto aficionado Hoffman has been a vocal observer and active investor in the cryptocurrency space for over a decade. Last year, he revealed that his investment in the crypto sector dated back to 2013. Hoffman recognized the staying power of the underlying technology long before crypto actually went mainstream. Advertisement You Might Also Like Tue, 10/28/2025 - 10:59 PayPal to Become First Wallet in ChatGPT Thanks to New Deal With OpenAI By Gamza Khanzadaev In an interview with Wired back in 2015, he argued that either Bitcoin or an alternative cryptocurrency would be able to achieve mass market adoption. Hoffman has often pushed back against the idea that crypto is just a speculative asset. He envisions a world where blockchain technology removes intermediaries and creates micro-economies across the internet. In December 2024, he celebrated Bitcoin reaching the $100,000 milestone for the first time. Hoffman is far from the only member of the "PayPal Mafia" with a deep conviction in cryptocurrency. Tesla CEO Elon Musk famously bought $1.5 billion worth of BTC for Tesla's balance sheet before later selling most of it over environmental concerns. Peter Thiel was one of the earliest institutional mega-bulls on crypto. His venture capital firm, Founders Fund, quietly bought hundreds of millions of dollars worth of Bitcoin and Ethereum. #Ethereum News