Sirlibz
Jaan Tallinn, cofounder of Skype is reportedly holding most of his personal wealth in Bitcoin and Ethereum, an article published by Fortune on Friday stated this.
Tallinn has been involved with lots of other enterprise after Skype was sold to eBay for approximately $2.6 billion in 2005. He is currently invested in Faculty AI, a London-based company that is focused on Machine-Learning systems. This company itself has received digital assets from Tallinn on two different occasions.
Tallinn gave Faculty 350 Ethereum (ETH) as at January 2018, he also followed up with a gift of 50 Bitcoin (BTC) which was worth $316,000 as at that time but is currently worth about $905,000 because of the recent surge in Bitcoins price.
He stated that investing with crypto assets was much easier and that converting to cash would have incurred Capital tax and therefore reduced the amount of the money that he was to donate to Faculty. He said that since he held most of his personal funds in cryptocurrencies, then he could choose to as well invest with it.
Faculty had to employ someone else that was currently working in a blockchain company and had the knowledge of how to do accounting for crypto since they were not up to speed with the blockchain technology at that time.
“Our accountants had to go and find someone else who was working on crypto and how to do accounting for crypto,” Faculty’s founder and CEO Marc Warner told the outlet.
The company is reported to have sold about $144,000 worth of Ethereum through 2019-2020 but still holding on to most of the crypto they received from Tallinn.
