Recent data according to Investing Saudi Arabia accounts revealed important developments in the list of the largest bitcoin whales in thae world.
Many institutions and compnies have recently steadily increased their Bitcoin holdings, which will be monitored in this report, as this comes amid the launch of Bitcoin ETFs this year, which paved the way for institutional investment to enter the crypto sector.
Identifying the world’s largest bitcoin holders is extremely difficult for several reasons including anonymity, as many early bitcoin users and miners have chosen to remain anonymous, making it impossible to trace their holdings.
Bitcoin transactions, however, are registered on a public blockchain, but individual wallets are often linked to multiple owners, complicating the identification process.
Meanwhile, many financial institutions and large corporations hold bitcoin, but their exact holdings are often not publicly disclosed.
Read also:Here’s why Bitcoin might surpass $70,000 again
The largest holders of Bitcoin
While we cannot provide a definitive list of the largest individuals or entities that own Bitcoin, we can categorize some of the major Bitcoin holders:
1. Unknown entities:
Satoshi Nakamoto: The creator of Bitcoin is believed to own a large amount, but his identity remains a mystery. It is estimated that he owns approximately 1.1 million bitcoins.
Early miners: Many early Bitcoin miners amassed considerable wealth, but their identities are often unknown.
2. Public companies:
Microstrategy: Known for its heavily bought Bitcoin strategy.
Tesla (NASDAQ:TSLA): It owns a large amount of bitcoin as part of its investment portfolio.
Other companies listed on the exchange: Many other companies own Bitcoin, especially in the cryptocurrency and blockchain sectors.
3. Cryptocurrency exchanges:
Binance, Coinbase, Kraken and others: exchanges hold a large amount of bitcoin on behalf of their customers.
4. Institutional Investors:
Grayskell: She manages the world’s largest Bitcoin fund.
BlackRock, Fidelity and other financial giants have shown increasing interest in bitcoin.
5. Governor:
Storage wallets: Many individuals and institutions store bitcoin in offline wallets, making tracking their holdings difficult.
Estimates of the quantities of Bitcoin owned by its largest holders:
1. Satoshi Nakamoto – 1.1 million bitcoins (the mysterious founder of bitcoin).
2. Binance – 550,133 Bitcoin (Binance trading platform).
3. BlackRock – 347,767 BTC (BlackRock via IBIT Fund).
4. Grayskill – 263,801 BTC (Greyscale company that manages the Bitcoin investment fund).
5. Microstrategy – 226,500 BTC (a microstrategy company that manages investments in Bitcoin).
6. Bitfinex – 221,315 BTC (Bitfinex trading platform).
7. US government – 213,246 BTC (owns Bitcoin through confiscations).
8. Chinese government – 190,000 BTC (Bitcoin owns through confiscations).
9. Fidelity – 176,626 BTC (Fidelity company via FBTC fund).
10. Block One – 164,000 BTC (the company that developed EOS. IO).
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