A novel fullerenyl cation (EtO)2P+(OH)CH2-C60+ was generated by simply dissolving the monofunctionalized hydrofullerene RC60-H or singly bonded dimer RC60-C60R (R = CH2P(O)(OEt)2) in oxidizing acids such as H2SO4 and FSO3H. The cation was also formed in CH2Cl2 by one-electron oxidation with aminium radical cation and was used for further functionalization of C60.