Britain’s first official breakdown of taxable cryptocurrency profits reveals a striking concentration at the top of the market: just 240 people each reported more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year, collectively accounting for £717 million of the £1.38 billion total declared to HM Revenue & Customs.

The inaugural dataset, published on 27 August 2026, marks the first time HMRC has isolated cryptoasset gains as a separate category in its annual Capital Gains Tax statistics. Across all filers, 17,600 individuals reported taxable crypto disposals during the period, along with £13.8 billion in total disposal proceeds.

The 240 high-value taxpayers represent roughly 1.4% of all individuals who…