Ethereum Creator Vitalik Buterin Reveals his Fiat Holdings and Charity Donations
One of the most well-known figures in the Blockchain space and the creator of Ethereum, Vitalik Buterin recently tweeted about his fiat holdings that he allegedly cashed during the 2017-18 boom.
Alex Sunnarborg, a founding partner at Tetras capital, a Crypto hedge fund did an analysis of Vitalik’s ETH addresses which gives an estimate of his current holdings and past data on the outflows. Alex estimates that Vitalik cashed out around $40 Million worth of ETH between June 2017-February 2018 in the midst of the Crypto craze.
Vitalik’s main address is the 24th largest address in Ethereum which contains around 350,000 ETH tokens. He also holds smaller amounts of other tokens including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin, Zcash (ZEC) and others which he revealed in a Reddit AMA session.
At the peak when ETH was around $1500, Vitalik’s ETH holdings were worth a whopping $500 Million. But at the current price, his main address has over $50 Million worth of ETH.
6/ Thus, Vitalik currently owns ~:
$50,000,000 worth of ETH in main address
$40,000,000 he cashed out of ETH
??? additional ETH, tokens, equity, etc.
— Alex Sunnarborg (@alexsunnarborg) March 19, 2019
Vitalik responded to Tweet storm claiming that his Fiat holdings being less than $30 Million and clarifying that he never sold above the $915 price level of Ethereum. He has also donated significant amounts of ETH for charity and grants (around $8 Million).
My fiat holdings are well under $30m. You likely overestimated due to (1) all prices generally being on the high side, eg. I definitely never cashed out anywhere close to the $915 level, (2) forgetting charity donations (~$8m I believe)
— Vitalik Non-giver of Ether (@VitalikButerin) March 19, 2019
Vitalik also owns stake in two startups including Clearmatics – a Blockchain research company and Starkware – a company that aims to solve the privacy and scalability issues in Blockchain. He also receives a $150,000 salary per year from Ethereum foundation and is likely paid to talk at events. Overall it is safe to assume that his net worth exceeds $100 Million.
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