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Ukrainian Politician Discloses Owning $24M in Privacy Coin Monero

Ukrainian Politician Discloses Owning $24M in Privacy Coin Monero


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Rostislav Solod, a member of the city council in the town of Kramatorsk, Ukraine, has reported owning millions of dollars-worth of the privacy-focused cryptocurrency Monero (XMR).

According to the publicly available document, he bought the coins in December 2015, when the price of the cryptocurrency fluctuated between $0.30 and $0.50. So the holdings would likely have cost Solod somewhere around $74,000 at that time (based on a price of $0.40). With XMR’s price around $132 currently, he is likely in profit by roughly $24,300,000.

Solod became a city hall member after an election this autumn. His parents, Yuri Solod and Natalia Korolevska, are members of the national parliament of Ukraine, the Verkhovna Rada.



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