Reid Hoffman, venture capitalist and co founder of LinkedIn, holds a sizable position in Ethereum, according to data from Arkham Intelligence. Public wallet information shows roughly 6.1 million dollars in ETH attributed to him. He also owns a CryptoPunk NFT acquired for 150 ETH late last year.
Early Crypto Backer
Hoffman has supported digital assets for years. In 2014, through Greylock, he led a Series A investment in Xapo, a firm focused on Bitcoin custody and wallets. At the time, he described Bitcoin as a potentially transformative technology, viewing it as an asset comparable to digital gold, a new transactional layer for the internet, and a foundation for innovative financial applications.
In August 2023, Hoffman announced he would step back from serving as a general partner in Greylock’s future funds, choosing instead to remain involved as a venture partner.
Diverging Paths From PayPal Alumni
While Hoffman appears to favor Ethereum, his former PayPal colleague Elon Musk has leaned toward Bitcoin. Both Tesla, Inc. and SpaceX collectively hold about 1.3 billion dollars in Bitcoin on their balance sheets.
Earlier this week, Bitcoin and Ethereum briefly moved higher following renewed optimism sparked by remarks from Donald Trump. However, both assets edged lower on Friday as broader technology stocks weakened.
Institutional activity has also remained active. Data indicates that SpaceX transferred more than 1,000 BTC to Coinbase Prime in late 2025, fueling speculation tied to a potential public offering. Meanwhile, planned token sales by Ethereum co founder Vitalik Buterin have drawn attention, though the market response has remained relatively muted.
