More than 200 British crypto investors are now millionaires, according to the taxman

More than 200 British crypto investors are now millionaires, according to the taxman.

Fresh figures from HM Revenue & Customs (HMRC) have revealed that 240 investors booked capital gains of more than £1million in the last tax year, accounting for £717million of gains.

The total taxable capital gains from cryptoassets were £1.38billion in the year to April 2025 with the gains split across 17,600 individuals. 

This represents an average gain of £78,000 reported per person.

This is the first time such data has been published after a new self-assessment tax return section on cryptoasset capital gains was introduced for the 2024/2025 tax year.

James Murray MP, Financial Secretary to the Treasury and Paymaster General, said: ‘Taxes are due on cryptoasset gains just like any other gains, and we want to make sure people making gains from crypto know about what taxes they owe.

‘This important work is supporting the Government’s efforts to close the tax gap, so that everyone pays their fair share towards our vital public services.’

There has been a Bitcoin boom after President Trump slashed regulation after his re-election, with prices of the crypto currency hitting a peak of $126,198 in October 2025.

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