The count of crypto millionaires has surged by 40% year-on-year to 241,700, driven by Bitcoin’s price increase and the overall crypto market valuation exceeding $3.3 trillion by mid-2025, as reported in a new study.
The number of crypto centimillionaires — individuals holding crypto assets over $100 million — increased by 38% to 450, while the count of crypto billionaires rose by 29% to 36 by the end of June, according to the wealth and citizenship advisory firm Henley & Partners in its Crypto Wealth Report released on Tuesday.
“This remarkable growth coincides with a pivotal year for institutional adoption,” stated Henley.
Public companies and significant financial institutions have increasingly invested in cryptocurrencies, particularly in the US, as the crypto-friendly policies of the Trump administration have instilled confidence on Wall Street, contributing to the market’s enhanced valuation.
As of 2025, inflows into US-based spot Bitcoin exchange-traded funds have increased from $37.3 billion to $60.6 billion, and spot Ether (ETH) ETF inflows have quadrupled to $13.4 billion.
Investment advisory firms and hedge fund managers purchased the majority of spot ETH ETFs in the second quarter, raising their holdings to $1.35 billion and $688 million, with brokerage and private equity firms also expanding their stakes.
Bitcoin millionaires experience a “dramatic surge”
Henley reported that the climbing number of crypto millionaires this year was “driven by a significant increase in Bitcoin millionaires.”
Bitcoin millionaires surged 70% in the past year to 145,100, largely due to Bitcoin’s outperformance in comparison to the broader market from July 2024 to June 2025.
The count of Bitcoin centimillionaires rose by 63% to 254, while the number of billionaires increased by 55% to 17.
Phillipp Baumann, founder of financial research and quantitative asset management firm Z22 Technologies, indicated to Henley that part of the surge could be linked to Bitcoin becoming the “base asset for accumulating wealth” for numerous investors.
Despite the increase, the overall crypto user count rose by only 5% to 590 million.
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Henley’s findings stemmed from proprietary wealth tier models, employing separate modeling to ascertain the number of crypto millionaires, centimillionaires, and billionaires, along with data from CoinMarketCap, Binance, and the Ethereum block explorer Etherscan.
The US is among top migration destinations for crypto
Henley, which advises wealthy clients — including crypto investors — on citizenship and residency, ranked Singapore, Hong Kong, and the US as the prime locations for crypto migration.
Switzerland and the UAE completed the top five in the firm’s Crypto Adoption Index, which considered factors such as public adoption, infrastructure, innovation and technology, regulatory environment, economic conditions, and tax friendliness.
However, the report noted that smaller nations like Costa Rica, El Salvador, Greece, Latvia, Panama, New Zealand, and Uruguay have all created strategies to attract digital asset investors.
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