Cryptocurrency Ethereum

Vitalik Buterin Discloses Crypto Holdings, Revenue Sources from Past Year

February 19, 2019
Giancarlo Roma


Vitalik Buterin Discloses Crypto Holdings, Revenue Sources from Past Year

Co-founder and face of Ethereum Vitalik Buterin made it known yesterday that the vast majority of his cryptocurrency investments are tokens that settle on the Ethereum blockchain. Buterin made this disclosure in a post published to a Reddit thread called “AMA About Ethereum Leadership and Accountability” yesterday. The thread is devoted to asking the Ethereum leaders questions about any conflicts of interest that may exist in their with their involvement with the Ethereum Foundation.

Buterin’s post outlines his holdings with with great specificity. He noted that non-Ethereum network coins (BCH, BTC, DOGE, ZEC) comprise less than 10% of the value of his ETH — not to be confused with the total amount of his holdings, but a minor distinction nonetheless. He also stated that the amount of his non-Ether (ETH), Ethereum ecosystem coins (KNC, MKR, OMG, REP) also totals less than 10% of the value of his ETH.

But Buterin did not limit his disclosures to just crypto. He also divulged “significant” corporate holdings in Clearmatics and Starkware. Both are private companies that employ blockchain technology — the former in designing protocols and building platforms for distributed financial market infrastructure, and the latter in increasing transparency, privacy, and scalability in blockchains. Starkware, which clarifies on its website that it is not holding an ICO, closed a $30 million round last October.

Buterin concluded his post by revealing that outside of his salary from the Ethereum Foundation, his revenue over the past year has consisted of some advisor tokens “included in above.” Whether they are limited to the aforementioned coins is unclear. He also makes mention of “non-financial interests” in the space, namely friends that are involved with the projects of which he owns tokens, non-crypto Ethereum organizations, as well as those involved in the worlds of cryptography and economics.

Two other Ethereum Foundation employees, Justin Drake and Martin Swende, listed their holdings, albeit in slightly less detail. While Martin wrote that he is paid by the foundation in Euros, Drake claimed to have “close to zero fiat.”