Vitalik Buterin officially became a billionaire

Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin has become a billionaire again after the price of ethereum ETH $4,190.57 Bridged Ether (StarkGate) -0.47% Market capitalization $0.11 billion VOL. 24 hours $2.26 billion exceeded $ 4,000, a level last seen in December 2024. According to Arkham, his on-chain portfolio is currently valued at about $ 1.04 billion and contains 240,042 ETH as its main asset, as well as smaller stakes in Aave Ethereum (AETHWETH), WhiteRock (WHITE), Moo Deng (MOODENG), and Wrapped Ethereum (WETH).

Over the weekend, ETH gained another 6.38%, reaching $ 4,332 on Saturday after breaking through the $ 4,000 mark on Friday. At the time of publication, the leading altcoin is trading around $ 4,244. Optimism in the market is supported by the decreasing dominance of bitcoin and the growing interest of traders, and some analysts, including Ted, predict an imminent retest of the all-time high of $ 4,878. CoinGlass data shows that reaching $ 4,500 could trigger a large-scale short squeeze of about $ 1.35 billion.

Institutional demand for ethereum is growing: on Friday, ETH-ETFs recorded $ 461 million in inflows, outpacing Bitcoin ETFs with $ 404 million. Over the past five trading sessions, net inflows into spot ETH-ETFs in the United States amounted to $ 326.6 million, compared to $ 253.2 million in BTC-ETFs, according to Farside.

Buterin first became a billionaire in May 2021, when ETH surpassed $ 3,000 for the first time. At that time, he owned about 333,500 ETH, and his net worth exceeded $ 1.029 billion. At the same time, in 2018, he noted that he had never controlled more than 0.9% of the total ETH supply.

Despite the growth of the exchange rate and the activity of corporate treasuries, Buterin warns against the excessive use of borrowed funds in the formation of ETH reserves, calling it a potential long-term risk. Last week, BitMine Immersion Technologies added 208,137 ETH to its reserves, bringing the total to 833,137 ETH (over $ 3 billion), making it the largest corporate ether holder and the fourth largest crypto treasury in the world.