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…