Who owns the most Bitcoins

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Largest Bitcoin holders are:

Individual: Satoshi Nakamoto is believed to hold the most Bitcoins, with an estimated 1 million BTC.
Public Company: MicroStrategy holds the most Bitcoins among public companies, with over 226,000 BTC.
Private Company: Binance holds the most Bitcoins among private companies, with over 609,000 BTC.

Bitcoin has become a digital currency phenomenon, and exploring the power behind its blockchain technology is fascinating. A great example of its transparency is that anyone can take a peek at every transaction made on its network. With that level of openness, we're able to easily find out who holds the largest amounts of Bitcoin.

In this article, we'll delve deeper into who owns the most Bitcoin. We'll look at not just individuals but institutions as well.

Individuals who own the most Bitcoin

Our list starts off with individuals who hold the most Bitcoin. In this part, we'll refer to Satoshi Nakamoto as an individual, even though no one ever seems to be sure. Some people believe it could be a team of experts/founders, while others believe it was one person.

Satoshi Nakamoto: Approx 1.1 Million BTC

Satoshi Nakamoto, the mysterious creator of Bitcoin, mined more than 22,000 blocks before fading from public view in 2011. It's believed that he is the largest BTC holder in existence today, with an estimated 1 million coins stored across about 22,000 wallets.

While nobody can be certain about this number, what we do know for sure is that Nakamoto has never spent any of these coins. They were used a few times for test transactions, but that's just about it.

The value of these holdings would be extraordinary and could disrupt global currency markets if they were ever cashed out. This makes Satoshi one of the most influential yet unknown figures in finance today — a true innovator who left behind a daunting legacy.

The Winklevoss Twins: 70,000 BTC

The Winklevoss Twins have created quite a stir in the tech world ever since their well-known stand-off with Mark Zuckerberg over the founding of Facebook. Having been around the tech scene early on, Cameron and Tyler managed to take their million-dollar settlement and invest it famously in multiple cryptocurrencies.

As a result, they founded Gemini in 2014, an exchange and custodian for crypto services. Today, it's estimated that this dynamic duo are some of the largest Bitcoin holders with 70,000 BTC, making them one of the first to receive such recognition as blockchain and cryptocurrency billionaires from Forbes in 2022. It's evident that the Winklevoss Twins know their tech business. The Winklevoss crypto portfolio includes investments in BTC, exchanges, and blockchain.

Tim Draper: 30,000 BTC

Tim Draper is a well-known venture capitalist who has been an early adopter of Bitcoin. He first purchased Bitcoin back in 2012 and has since become a highly respected figure in the industry. His biggest purchase to date, however, took place in 2014 when the U.S. Marshals Service held an auction selling off a huge stash of Bitcoins — around 30,000 BTC total.

Draper was quick to take advantage of this rare opportunity by getting the coins for only slightly over $18 million USD at the time. Since then, he has gone on to make some impressive investments as an advocate of blockchain technology, with many new and exciting projects currently underway.

Michael J. Saylor: About 17,700 BTC

Michael J. Saylor is the co-founder and CEO of MicroStrategy, a publicly traded software company and a well-known Bitcoin maximalist. Since 2019, Saylor has made a huge bet on Bitcoin as an asset of the future by pouring millions of dollars into the coin. It's reported that he currently owns 17,700 BTC, which is an impressive show of his confidence in the cryptocurrency market.

In addition to investing heavily in Bitcoin himself, Saylor also regularly tweets and speaks publicly about it, offering investment advice to thousands across the industry. His sizable bitcoin holdings and vocal stance have made him an influential figure in pushing larger institutions toward cryptocurrency investment.

Barry Silbert: 16400 BTC

Barry Silbert is a financial innovator and entrepreneur focused on bringing digital currency to the mainstream. As founder and CEO of Digital Currency Group, he has created companies devoted to providing strong investments in the digital currency space.

One such company, Galaxy Digital, currently owns more than 16,400 Bitcoins alone– a testament to Silbert's success in introducing digital currency investors and enterprises to such significant gains.

Bitcoin (BTC) price prediction for 1 day and 1 week

Public companies that own the most Bitcoins

As of 2024, the public companies that hold the most Bitcoin are:

MicroStrategy: MicroStrategy is the largest public holder of Bitcoin, with over 226,000 BTC. The company, led by Executive Chairman Michael Saylor, has steadily increased its Bitcoin holdings through multiple purchases.
Tesla, Inc.: Tesla, led by Elon Musk, holds approximately 10,725 BTC. The company made headlines in early 2021 when it announced its initial Bitcoin purchase and acceptance of Bitcoin as a payment method (though this was later suspended). Tesla's cryptocurrency portfolio remains one of the most influential in the corporate world. The company's Bitcoin holdings are valued at over $1.07 billion, and its Dogecoin payments policy continues evolving.
Marathon Digital Holdings, Inc.: This Bitcoin mining company holds around 13,726 BTC, making it one of the largest Bitcoin holders in the mining sector.
Coinbase Global, Inc.: The well-known cryptocurrency exchange holds around 9,000 BTC as part of its reserves, which are crucial for its operations as one of the largest exchanges in the world.
Block, Inc. (formerly Square, Inc.): Block, led by Jack Dorsey, holds approximately 8,027 BTC. The company has been a strong proponent of Bitcoin and has integrated it into its business operations. Explore Jack Dorsey’s crypto portfolio, including his top holdings like Bitcoin and his long-term strategy focused on decentralization and open-source development.

Private companies with the largest Bitcoin holdings

As of 2024, the private companies with the largest Bitcoin holdings are:

Binance: Binance, one of the largest cryptocurrency exchanges globally, holds over 609,000 BTC in its cold storage wallets. These reserves are essential for managing the extensive trading and custodial services offered by the platform.
Block.one: Block.one, known for its development of the EOS.IO blockchain protocol, holds over 140,000 BTC. This makes it one of the largest private holders of Bitcoin, reflecting its strong position in the cryptocurrency market.
Bitfinex: Another major cryptocurrency exchange, Bitfinex, holds approximately 204,338 BTC. The exchange has made its holdings transparent to ensure user trust and security.
Tether: The company behind the USDT stablecoin, Tether, holds around 75,354 BTC as part of its reserves. This strategy helps back its stablecoin with a mix of assets, including Bitcoin.
Robinhood: Robinhood, primarily known for stock trading, holds about 118,300 BTC. The platform has expanded into cryptocurrency, and this BTC holding supports its growing crypto services.
OKX: OKX, another significant cryptocurrency exchange, holds approximately 118,334 BTC in its reserves, essential for the platform's operations and user security.

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Tracking the largest Bitcoin wallets

It's estimated that almost 21 million Bitcoin will be released into the market, yet currently, only 19 million of them have been mined. Of the 19 million BTC already in circulation, about 4 million of which may be lost forever, 5.88% of those coins are distributed among the 10 biggest Bitcoin wallets out there. These 10 wallets contain anywhere from 59,000 to a jaw-dropping 1 million BTC each.

Binance is the world's largest and most successful crypto exchange, and as a result, it holds a significant amount of Bitcoin at 1.29% of all Bitcoin. Of course, a large proportion of that total belongs not to Binance itself but to its customers. Bitcoin wallets with over $1 million in Bitcoin currently exceed 65,000.

Tracking these largest Bitcoin wallets provides insight not only as to who owns the most Bitcoins but could potentially lead us to understand which entities are most likely to influence and shape the future of this captivating cryptocurrency.

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How to use information about the largest Bitcoin holders in investment strategies

When it comes to investing in cryptocurrencies like Bitcoin, understanding the largest holders of this asset class can be incredibly beneficial. By following the trends that these major players are making, investors have found success in developing successful strategies within their own portfolios. For example, suppose one of the larger holders suddenly offloads a significant portion of their Bitcoins. In that case, it could be seen as a signal to decrease exposure or, better yet, sell entirely.

Conversely, increasing their holdings signifies positive sentiment and could be a good time to accumulate some assets in your portfolio. Additionally, following news and announcements from these large entities can also provide great insight into how to choose investments strategically and profitably.

Summary

There you have it: the top 15 holders of Bitcoin. Each one owns a significant portion of the world's most well-known cryptocurrency, and many are known to be big players in the crypto markets. From big crypto leaders such as Satoshi Nakamoto and Winklevoss Twins to tech leaders like MicroStrategy, these holders are some of the most dedicated Bitcoin investors across the globe.

FAQs

Who are the top 10 holders of Bitcoin?

Leading the pack is the mysterious Satoshi Nakamoto, followed by prominent names such as Winklevoss Twins, Tom Draper, Michael J. Saylor, and. Companies include MicroStrategy, Tesla, Marathon Holdings, Square/Block Inc, and Coinbase.

Who are the biggest users of Bitcoin?

Bitcoin's user base is ever-growing and increasingly diverse, with a large segment of its users coming from tech-savvy millennials who are attracted to the convenience and privacy associated with digital money. However, it's businesses that account for some of the largest Bitcoin transactions, taking advantage of its global accessibility and low transaction fees.

Who owns 1 million Bitcoin?

It is believed that Satoshi Nakamoto, the anonymous creator of Bitcoin, owns approximately 1.1 million Bitcoin.

How much is Satoshi Nakamoto worth?

As of January 2024, Satoshi Nakamoto may be worth slightly over $20 billion, given the current bitcoin price.

Team that worked on the article

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Bitcoin

Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

Extra

Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.

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