A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
🧵👇
https://t.co/X5vtdke3KQ
Charles Hoskinson's Expanding Empire: 21 Wyoming Entities, a $250M Healthcare Bet, and a Newly Formed Family Office:
I've been digging through Wyoming filings and, based on a preliminary review, I count at least 21 Hoskinson-named entities.
Annual formation count:
• 2019: 1
• 2020: 0
• 2021: 3
• 2022: 2
• 2023: 6
• 2024: 6
• 2025: 4
Entities identified so far:
2019
• Hoskinson Construction LLC (later dissolved)
2021
• Hoskinson Biotechnology, Inc.
• Hoskinson Ranch, LLC
• The Hoskinsons LLC (later dissolved)
2022
• Hoskinson Biotechnology Holding, LLC
• Hoskinson Health & Wellness Clinic, LLC
2023
• Hoskinson Ancillary Services, LLC
• Hoskinson Contracting, LLC
• Hoskinson Electrical, LLC (dissolved)
• Hoskinson Heating & Cooling, LLC (dissolved)
• Hoskinson Plumbing, LLC (dissolved)
• Hoskinson Telecom, LLC (dissolved)
2024
• Hoskinson Audiology, LLC
• Hoskinson Concrete, LLC
• Hoskinson Family Office, LLC
• Hoskinson Foundation, Inc.
• Hoskinson Laboratory, LLC
2025
• Hoskinson Family Office Holdings 1, LLC
• Hoskinson Medical Equipment House
• Hoskinson Radiology, LLC
• Hoskinson Vision, P.C.
To be clear, there is nothing inherently improper about having many entities. Plenty of successful entrepreneurs use separate vehicles for liability protection, operating businesses, real estate, investments, and estate planning.
What I find interesting is the acceleration. Formation activity appears to increase materially beginning in 2023 and continues through 2025, particularly around healthcare, biotech, and family-office structures.
The healthcare ecosystem alone appears substantial: clinic, laboratory, radiology, audiology, vision, medical equipment, ancillary services, biotech entities, and supporting construction companies. Public reporting has referenced roughly $250 million invested into the broader healthcare initiative.
I'm not alleging wrongdoing. I'm simply trying to understand the scale of what has been built, how the various entities relate to one another, and how much capital has ultimately been deployed across the ecosystem.
Charles Hoskinson stole ~70 million $ADA from inactive presale buyer’s wallets by hacking #Cardano. That makes him the scum of the earth by his own definition, right? @IOHK_Charles