Altcoin News: More Than 350 Thousand ETH Remain on Vitalik Buterin’s Wallets

February 20, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

In a Reddit AMA (ask me anything) session the creator of Ethereum and one of the most famous people in the cryptocurrency area, Vitalik Buterin, spoke about his portfolio of cryptocurrencies.

It turned out that only in ether Buterin stores 350 thousand coins, which is equivalent to $51 million at the current rate and is about 1.7% of the current issue of ETH.

Also, the developer of Ethereum said that he keeps a little BTC, BCH, DOGE and ZEC in his wallets. At the same time, these assets make up less than 10% of its portfolio (excluding ETH), which makes senseless reproaches of a possible conflict of interest with cryptocurrency investments.

Buterin has a significant amount of ERC-20 tokens on his wallets, which function on the Ethereum blockchain. These include tokens from projects such as Kyber Network, Maker, Omisego, and Augur. The amounts in the tokens are also not too large and do not exceed 10% of the volume of stored ether.

In addition to income from the Ethereum Foundation over the past year, Buterin received a salary from other projects, including the unclear volume of tokens of projects in which he worked as an advisor.

Vitalik Buterin’s assets are not limited to cryptocurrencies — he owns shares of the British fintech company Clearmatics and the Starkware project. He has an interest in startup L4, which is developing a decentralized “Internet 3.0”. However, in this case, the interest is not financial.

Note that at the end of 2018, Buterin donated about $300,000 to three blockchain startups. Three projects that received 1,000 ETHs each were Prysmatic Labs, ChainSafe Systems and Sigma Prime.

Author: Marko Vidrih