Altcoins News

Story: LinkedIn Founder Reid Hoffman Stashes $6.1 Million in Ethereum

By Pankaj K

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Reid Hoffman owns $6.1 million worth of Ethereum. The LinkedIn co-founder and venture capital heavyweight got flagged by Arkham Intelligence for his crypto stash, which also…

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Hoffman's crypto journey started way back in 2014 when most Wall Street types still thought Bitcoin was fake money.

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Things changed for Hoffman last August. He stepped back from his general partner role at Greylock but stayed on as a venture partner.

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His old PayPal buddy Elon Musk also backs crypto these days. Tesla and SpaceX together hold $1.3 billion in Bitcoin, which is way more than Hoffman's Ethereum pile.

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Earlier this week, both Bitcoin and Ethereum jumped after Donald Trump gave a speech that got crypto traders excited.

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SpaceX just moved over 1,000 Bitcoin to Coinbase Prime. That's worth about $94.5 million at current prices.

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Ethereum co-founder Vitalik Buterin has been selling big chunks of ETH recently. Some analysts think he's funding new projects or giving money to charity - the guy's done that…

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Hoffman's crypto moves make sense when you look at his track record. He's always backed weird tech that seemed crazy at first but turned into huge wins later.

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The timing of Hoffman's Greylock transition is interesting. Moving from general partner to venture partner gives him more freedom to make personal investments.

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Ethereum trades around $1,800 right now, which means Hoffman's holding about 3,400 ETH. That's not whale territory, but it's still serious money for a guy who could probably buy…

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Buterin's recent ETH sales have crypto Twitter going nuts with theories. Some people think he's bearish on Ethereum's price.

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February 2026 has been nuts for crypto volatility. Prices swing up and down based on random tweets and political speeches.

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Hoffman hasn't said much about his crypto strategy lately. He's been pretty quiet since leaving his Greylock role, which is unusual for a guy who used to tweet about every…

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The crypto market keeps getting shaped by these big institutional players. When SpaceX moves $94 million in Bitcoin or Hoffman reveals a $6 million Ethereum position, it sends…

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Hoffman's crypto philosophy seems pretty straightforward - bet on transformative tech early and hold for the long haul.

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