Bitcoin has become mainstream, and institutions are jumping on board. Over the past few years, they’ve been buying up Bitcoin like crazy, and now they’re the biggest players in the game.
No More Private Players in the Top 10
The top 10 Bitcoin wallets are now dominated by governments and companies. The only private entity left is Satoshi Nakamoto, the mysterious creator of Bitcoin, who still holds his original 1.1 million BTC.
Here’s a rundown of the top 10:
- Binance: The largest crypto exchange in the world, holding 550,133 BTC.
- BlackRock: This newcomer has amassed a whopping 347,767 BTC since launching its Bitcoin ETF in January 2024.
- Grayscale: The company that brought us the first Bitcoin Trust in the US, but their holdings have dropped to 263,801 BTC.
- MicroStrategy: Holding 226,500 BTC and not planning to sell anytime soon. They’re even looking to buy more!
- Bitfinex Exchange: Sitting at 221,315 BTC.
- US Government: Holding a significant 213,246 BTC, likely acquired through seizures.
- Chinese Government: Holding 190,000 BTC, also acquired through seizures.
- Fidelity: Holding 176,626 BTC with their FBTC Spot Bitcoin ETF fund.
- Block One: Holding 164,000 BTC.
It’s clear that the world of Bitcoin is changing. Institutions are taking over, and it’s going to be interesting to see what happens next.
