 
 
While 2025 earned a reputation as the year with the most institutional crypto acceptance, several industry billionaires saw their fortunes decimated. Strategy founder Michael Saylor and Binance founder Changpeng Zhao were among the hardest hit as asset prices tanked toward the end of 2025.
CZ, Saylor, And Other Crypto Billionaires Record Steep Loses To Personal Fortunes
Several crypto billionaires saw their personal fortunes significantly reduced in 2025 despite a flurry of regulatory and institutional acceptance of the industry.
Bloomberg Billionaires Index, released at the end of 2025, detailed jarring losses for crypto heavyweights over the year. Per the Index, Gemini co-founders Cameron and Tyler Winklevoss lost 59% of their combined fortune from January 1, with their exchange recording lower revenues amid falling crypto prices and trading volumes.
In the same window, Saylor lost $2.6 billion in 2025 as his entire net worth tumbled to $3.8 billion. Meanwhile, Binance founder CZ recorded a 5% decline in 2025, with his estimated net worth settling at just over the $50 billion mark.
A key trigger for the steep losses among crypto billionaires was the October 10 flash crash, which sent digital asset prices into a deep plunge. Before the crash, Bitcoin had reached a new all-time high above $126K, with crypto billionaires like Saylor and CZ with significant skin in the game notching impressive numbers.
As prices and trading volumes fell after the October liquidation event, so did the personal fortunes of crypto titans. However, not all crypto billionaires recorded a steep decline in 2025, with Circle CEO Jeremy Allaire recording a 149% increase in his net worth.
Corporate Bitcoin Interest Surges
Despite the decimation of personal fortunes, recent data indicates that corporate entities are still displaying a large appetite for Bitcoin. According to data from Bitcointreasuries, nearly 200 public companies have BTC on their balance sheets, a significant surge from 2024.
Saylor’s Strategy (formerly MicroStrategy) increased its Bitcoin holdings to 672,497 BTC while stablecoin issuer Tether scooped 8,888 BTC in Q4 2025. Amid the heavy institutional acquisitions, the Bitcoin price remains under the $90K mark after an unimpressive start to the new year.
