The global population of crypto millionaires has surged 40% over the past year to 241,700, driven by Bitcoin’s rally and the overall digital asset market surpassing $3.3 trillion in value by mid-2025, according to a new report.
Henley & Partners’ latest Crypto Wealth Report shows the number of crypto centimillionaires — investors with holdings of more than $100 million — climbed 38% to 450, while the tally of crypto billionaires rose 29% to 36 by the end of June.
“This remarkable expansion marks a watershed year for institutional adoption,” the firm noted.
Growing participation from public companies and leading financial institutions, particularly in the US, has accelerated the trend. Backed by the Trump administration’s crypto-friendly policies, Wall Street has gained confidence to step up investments, further fueling the sector’s explosive growth.
So far in 2025, US-based spot Bitcoin exchange-traded funds (ETFs) have seen inflows climb from $37.3 billion to $60.6 billion, while spot Ether ETFs have quadrupled to $13.4 billion. Investment advisory firms and hedge funds led the charge in Q2, raising their spot ETH ETF holdings to $1.35 billion and $688 million respectively, with brokerage and private equity firms also expanding their exposure.
Bitcoin Millionaires Drive Growth
Henley & Partners said the surge in crypto millionaires was largely powered by a “dramatic rise in Bitcoin millionaires.” Their number jumped 70% year-on-year to 145,100, reflecting Bitcoin’s outperformance of the wider market between July 2024 and June 2025.
The ranks of Bitcoin centimillionaires swelled 63% to 254, while Bitcoin billionaires grew 55% to 17. According to Phillipp Baumann, founder of financial research and quantitative asset management firm Z22 Technologies, this trend reflects Bitcoin’s growing role as the “base currency for accumulating wealth” among investors.
Despite these sharp gains, overall crypto adoption grew at a slower pace, with the global user base rising just 5% to 590 million. Henley’s estimates are based on proprietary wealth tier models, supplemented with data from CoinMarketCap, Binance, and Etherscan.
Top Migration Hubs for Crypto Wealth
Henley, which advises wealthy clients — including crypto investors — on citizenship and residency planning, ranked Singapore, Hong Kong, and the United States as the top destinations for crypto migration. Switzerland and the UAE rounded out the top five in its Crypto Adoption Index, which assesses adoption, infrastructure, innovation, regulation, economic environment, and tax policies.
The report also highlighted smaller nations — including Costa Rica, El Salvador, Greece, Latvia, Panama, New Zealand, and Uruguay — that are actively building strategies to attract digital asset investors.
