240 crypto millionaires revealed in new government data

• 240 people reported more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year official statistics show, accounting for £717 million of cryptoasset gains between them.
• Total taxable capital gains from cryptoassets for 17,600 individuals were £1.38 billion in the 2024 to 2025 tax year, with an average gain of £78,000 reported per individual .
• Following the introduction of a new international framework, cryptoasset service providers will be required to report customer information to tax authorities. HMRC will start receiving this data from 2027.

Figures published today by HM Revenue and Customs (HMRC) reveal 240 people declared more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year, with the same group reporting a total of £717 million in cryptoasset gains.

This data is published as part of HMRC’s annual Capital Gains Tax statistics. It is the first time HMRC has published this specific data, following the introduction of a dedicated part of the Self Assessment return for cryptoasset capital gains.

In the 2024 to 2025 tax year, there were 17,600 individuals making Capital Gains Tax-liable disposals of cryptoassets such as Bitcoin, Ethereum and Dogecoin. Collectively, these taxpayers reported total cryptoasset disposal proceeds of £13.8 billion  and gains of £1.38 billion.  The data also shows that around 87% of individuals reporting cryptoasset gains were male and around 13% were female.