The number of crypto millionaires has risen by 40% year-on-year to 241,700, fueled by Bitcoin’s price rally and the broader crypto market valuation pushing past $3.3 trillion by mid-2025, according to a new report.
The number of crypto centimillionaires — people with crypto holdings above $100 million — rose 38% to 450, while the crypto billionaire count jumped 29% to 36 by the end of June, wealth and citizenship advisory firm Henley & Partners said in its Crypto Wealth Report on Tuesday.
“This significant growth coincides with a watershed year for institutional adoption,” Henley said.
Public companies and major financial firms have increasingly bet on cryptocurrencies, especially in the US, as the Trump administration’s crypto-friendly policy actions have given Wall Street confidence to invest, which has helped to boost the market’s value.
So far in 2025, inflows into US-based spot Bitcoin exchange-traded funds have increased from $37.3 billion to $60.6 billion, while spot Ether (ETH) ETF inflows have risen fourfold to $13.4 billion.
Investment advisory firms and hedge fund managers scooped up the most spot ETH ETFs in the second quarter, increasing their holdings to $1.35 billion and $688 million, while brokerage and private equity firms also increased their positions.
Bitcoin millionaires see “dramatic surge”
Henley said the increased number of crypto millionaires over the year was “fueled by a dramatic surge in Bitcoin millionaires.”
Bitcoin millionaires rose 70% over the year to 145,100, partly due to Bitcoin outperforming the broader market between July 2024 and June 2025.
The Bitcoin centimillionaire count also jumped 63% to 254, while the number of billionaires rose 55% to 17.
Phillipp Baumann, founder of financial research and quantitative asset management firm Z22 Technologies, told Henley that part of the rise could also be attributed to Bitcoin becoming the “base currency for accumulating wealth” for more investors.
Despite the rise, adoption by the total crypto user count only rose 5% to 590 million.
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Henley’s findings were based on in-house wealth tier models, which used separate modelling to determine the number of crypto millionaires, centimillionaires, and billionaires, along with information from CoinMarketCap, Binance and the Ethereum block explorer Etherscan.
US among top migration locations for crypto
Henley, which advises wealthy clients — including crypto investors — on citizenship and residency, ranked Singapore, Hong Kong, and the US as the top destinations for crypto migration.
Switzerland and the UAE rounded out the top five in the company’s Crypto Adoption Index, which factored in public adoption, infrastructure adoption, innovation and technology, regulatory environment, economic factors and tax-friendliness.
However, it noted that smaller countries like Costa Rica, El Salvador, Greece, Latvia, Panama, New Zealand and Uruguay have all developed strategies to attract digital asset investors.
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