Crypto Adoption by Institutions Increases Number of Millionaires

The count of crypto millionaires has surged by 40% year-on-year to 241,700, driven by Bitcoin’s price surge and the overall cryptocurrency market exceeding $3.3 trillion by mid-2025, according to a new report.

The number of crypto centimillionaires—those with crypto assets above $100 million—increased by 38% to 450, while the crypto billionaire total rose 29% to 36 by the end of June, as reported by wealth and citizenship advisory firm Henley & Partners in their Crypto Wealth Report released on Tuesday.

“This remarkable growth aligns with a pivotal year for institutional adoption,” stated Henley.

Public companies and major financial institutions have increasingly invested in cryptocurrencies, particularly in the US, where the Trump administration’s pro-crypto policies have bolstered Wall Street’s confidence and driven market growth.

In 2025, inflows into US-based spot Bitcoin exchange-traded funds have risen from $37.3 billion to $60.6 billion, while spot Ether (ETH) ETF inflows have quadrupled to $13.4 billion.

Investment advisory firms and hedge fund managers acquired the majority of spot ETH ETFs in the second quarter, boosting their holdings to $1.35 billion and $688 million, with brokerage and private equity firms also expanding their positions.

Bitcoin millionaires experience a “dramatic surge” 

Henley noted that the growth in crypto millionaires throughout the year was “driven by a dramatic increase in Bitcoin millionaires.”

The Bitcoin millionaire count escalated by 70% over the year to 145,100, partially due to Bitcoin outperforming the wider market from July 2024 to June 2025.

Additionally, Bitcoin centimillionaires increased by 63% to 254, while the number of billionaires grew by 55% to 17.

Phillipp Baumann, founder of financial research and quantitative asset management firm Z22 Technologies, informed Henley that part of the increase could be ascribed to Bitcoin becoming the “base currency for wealth accumulation” for many investors.

Despite this rise, total cryptocurrency user adoption only saw a 5% increase, reaching 590 million.

Related: Trader claims buying Bitcoin years ago wouldn’t make you wealthy today

Henley’s findings were based on in-house wealth tier models, utilizing separate methods to quantify the number of crypto millionaires, centimillionaires, and billionaires, along with data from CoinMarketCap, Binance, and the Ethereum block explorer Etherscan.

US ranks among top migration destinations for crypto

Henley, which advises affluent clients—including crypto investors—on citizenship and residency, listed Singapore, Hong Kong, and the US as the top hubs for crypto migration.