Former PayPal colleagues split strategies, as Hoffman goes long on Ethereum while Musk aligns with Bitcoin through corporate treasuries.
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.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 “Bitcoin has the potential to be a massively disruptive technology. It is the leading digital currency and it’s growing fast. As an investor and technologist, I am interested in bitcoin on three levels: As an asset, ; as a currency ; and as a platform .” 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.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.over 1,000 BTC to Coinbase Prime in late 2025 amid speculation about the company’s future public offering.Ethereum is Sitting at 5-year ‘Demand Zone’ According to Analystsattention in recent weeks for the magnitude of tokens moved, even though the market remained largely unfazed by these sales.Chayanika has been working as a financial journalist for seven years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm.Buterin Offloads ETH, Bitcoin Unable to Push Past $70K, XRP Spot Buying Increases: This Week’s Crypto RecapBitwise CIO Matt Hougan Rejects Jane Street Blame for Bitcoin Dip
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