{"id":14838,"date":"2024-07-01T09:19:32","date_gmt":"2024-07-01T06:19:32","guid":{"rendered":"https:\/\/forklog.com\/en\/arkham-assesses-vitalik-buterins-wealth\/"},"modified":"2024-07-01T09:19:32","modified_gmt":"2024-07-01T06:19:32","slug":"arkham-assesses-vitalik-buterins-wealth","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arkham-assesses-vitalik-buterins-wealth\/","title":{"rendered":"Arkham Assesses Vitalik Buterin&#8217;s Wealth"},"content":{"rendered":"<p>The digital assets owned by Ethereum co-founder Vitalik Buterin are valued at over <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/vitalik-buterin\">$857.5 million<\/a>, according to estimates from <a href=\"https:\/\/www.arkhamintelligence.com\/research\/vitalik-buterin-net-worth\">Arkham<\/a>.<\/p>\n<p>At the beginning of the year, this figure stood at $552.9 million.<\/p>\n<p>The majority of Buterin&#8217;s wealth is attributed to the initial distribution of the second-largest cryptocurrency by market capitalization (246,730 ETH). Besides Ethereum, he has also invested in projects like StarkNet.<\/p>\n<p>Currently, Buterin ranks among the top 20 largest holders of the second-largest cryptocurrency by market capitalization.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1085.webp\" alt=\"1-1085\" class=\"wp-image-236028\"\/><figcaption class=\"wp-element-caption\">Data: Arkham.<\/figcaption><\/figure>\n<p>Vitalik began his journey in the industry in 2011 at the age of 17, becoming a co-founder of Bitcoin Magazine. Dissatisfied with Bitcoin&#8217;s limitations, he introduced the Ethereum white paper two years later, proposing it as a solution to the shortcomings of digital gold.<\/p>\n<p>In 2014, along with a team of co-founders, he established the Ethereum Foundation, a non-profit organization dedicated to the network&#8217;s development.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In the summer of that year, presale participants exchanged BTC for ETH, leading to an initial offering of over 72 million tokens, 16.53% of which were distributed among the founders,&#8221;<\/em> Arkham noted.<\/p>\n<\/blockquote>\n<p>The official launch of Ethereum took place on July 30, 2015. Buterin is the only co-founder still actively working on the network and overseeing its development, including The Merge in 2022.<\/p>\n<p>Despite the possibility of undisclosed wallets, the known assets associated with him likely constitute the majority of his wealth, experts indicated.<\/p>\n<p>In 2018, Buterin tweeted that he never held more than 0.9% of the total ETH supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I&#8217;m pretty sure there are no criminal laws against pre-mining.<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1050125475253637120?ref_src=twsrc%5Etfw\">October 10, 2018<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Arkham confirmed the accuracy of his statement, finding that Buterin&#8217;s share never exceeded 0.9% (it momentarily reached 0.91% in 2015).<\/p>\n<p>Buterin&#8217;s portfolio also includes other assets like KNC and WETH. He holds TORN tokens from Tornado Cash worth $1,290 and 6.345 million Shiba Inu (SHIB) valued at $60.65. Collectively, other cryptocurrencies in his portfolio account for less than 1%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-822.webp\" alt=\"2-822\" class=\"wp-image-236029\"\/><figcaption class=\"wp-element-caption\">Buterin&#8217;s portfolio as of December 6 and 13, 2023. Data: Arkham.<\/figcaption><\/figure>\n<p>In 2020, Buterin received 50% of the SHIB supply, temporarily boosting his net assets to $10 billion. He later burned 410 trillion SHIB worth $6 billion, donating the remainder to CryptoRelief India.<\/p>\n<p>Experts highlighted the non-linear growth of Buterin&#8217;s wealth. In 2015, the net value of his cryptocurrencies increased from $596,760 to $551.2 million.<\/p>\n<p>The largest annual growth occurred during the 2017 bull market, rising from $4.23 million to $278.4 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-468.webp\" alt=\"3-468\" class=\"wp-image-236030\"\/><figcaption class=\"wp-element-caption\">Data: Arkham.<\/figcaption><\/figure>\n<p>In 2021, Buterin became a billionaire at 27 with a net worth of $2.09 billion when Ethereum&#8217;s price was $4,891.<\/p>\n<p>The subsequent bear market slashed Ethereum&#8217;s price and its co-founder&#8217;s net assets by 75% \u2014 from $1.2 billion in December 2021 to $300.6 million in December 2022. Since then, the figure has risen to $551.22 million with ETH priced at $3,300.<\/p>\n<p>Buterin occasionally sells coins, stating that such transactions are intended for donations rather than personal gain. He last sold ether to fund his own expenses in 2018.<\/p>\n<p>In June, Buterin outlined ways to apply cryptocurrencies in everyday life.<\/p>\n<p>Earlier, the Ethereum co-founder criticized celebrities&#8217; experiments with meme coins, urging a focus on projects that benefit the public rather than enriching insiders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The digital assets owned by Ethereum co-founder Vitalik Buterin are valued at over $857.5 million, according to estimates from Arkham. At the beginning of the year, this figure stood at $552.9 million. The majority of Buterin&#8217;s wealth is attributed to the initial distribution of the second-largest cryptocurrency by market capitalization (246,730 ETH). Besides Ethereum, he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1536,46,1156,200],"class_list":["post-14838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arkham","tag-ethereum","tag-institutional-investors-and-whales","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14838"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14837"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}