LinkedIn Founder Reid Hoffman's Ethereum Holdings Revealed

Reid Hoffman, the co-founder of LinkedIn, has been found to hold a significant amount of Ethereum in a publicly known address. According to data from Arkham Intelligence, Hoffman holds $6.1 million worth of ETH.

This revelation comes as Elon Musk's Tesla and SpaceX also invest heavily in Bitcoin, with a combined total of $1.3 billion held on their balance sheets.

Hoffman's interest in cryptocurrency dates back to 2014 when he led Greylock's Series A investment in Xapo, a firm that built a Bitcoin wallet platform. He has consistently expressed his support for the technology and its potential for disruption.