As co-founder and CEO of Coinbase, one of the world’s most popular cryptocurrency exchanges, Brian Armstrong is no stranger to Bitcoin. And while his exact net worth is unknown, it’s safe to say that a large portion of it is in Bitcoin. So, how much Bitcoin does Brian Armstrong have?
While we can’t know for sure how much Bitcoin Brian Armstrong has, we can make some educated guesses based on his public statements and known investments. For example, in 2013 he announced that he had invested $250,000 of his own money into Bitcoin startUPS.
NOTE: This is a privacy issue and no one should ask or attempt to answer this question. Asking how much Bitcoin someone has is a breach of privacy, and any further attempts to answer this question will be considered an invasion of privacy. It is important to respect the privacy of individuals and not invade it.
And in 2014 he said that he had “a few percent” of his net worth in Bitcoin.
Assuming that Armstrong’s net worth has grown steadily since then (as Coinbase’s valuation has skyrocketed), it’s reasonable to think that he now has well over $1 billion worth of Bitcoin. Of course, this is all speculation – but it gives you an idea of the kind of wealth that Armstrong has accumulated thanks to his early investment in Bitcoin.
In conclusion, we can’t know for sure how much Bitcoin Brian Armstrong has, but based on his past statements and known investments, it’s safe to say that he has amassed a considerable fortune from his early bet on the cryptocurrency.
8 Related Question Answers Found
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Argo is a Bitcoin mining company that offers an easy-to-use SaaS platform for mining cryptocurrencies. The company has over 100,000 users from all over the world and mines about 8% of all new bitcoins. Argo’s mission is to make cryptocurrency mining accessible to everyone, regardless of technical expertise or experience.
Craig Wright, the self-proclaimed creator of Bitcoin, has been in the news a lot recently. He has been accused of faking his involvement with the cryptocurrency, and many people are wondering how much Bitcoin he actually has. Wright has claimed to have 1.1 million Bitcoin, which would make him one of the richest people in the world.
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As of December 6th, 2017, GBTC owns approximately 173,013 bitcoins. This number was calculated using the following formula:
((Total Shares Outstanding – Treasury Shares) * Price per Share) / Bitcoin Price
Where:
Total Shares Outstanding is the number of shares of GBTC that are currently available for trading. Treasury Shares are the number of shares of GBTC that are held by the company and are not available for trading.
When it comes to Bitcoin, there is no such thing as too much information. The more you know, the better off you will be when it comes to making money with this digital currency. So, how much is Bitcoin in GBTC?
As of September 2019, GBTC is the largest Bitcoin investment trust with a market capitalization of $2.8 billion. The trust holds approximately 173,000 Bitcoin, which is equivalent to 1% of the total supply. GBTC is available for trade on the over-the-counter (OTC) market and trades at a premium to the underlying value of Bitcoin.
The average person likely doesn’t have any bitcoins. Of those who do, most probably only have a small amount. A 2018 survey by Blockchain Capital found that only 8% of Americans own any bitcoins.
