Who Owns the Most Bitcoin? A Closer Look at the Largest Holders

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I have been involved in the cryptocurrency
industry for the past decade, and I have witnessed the evolution of
Bitcoin first-hand. As it is now, there are some significant
holders of Bitcoin, particularly public companies, private
entities, and governments, who have amassed large amounts of the
cryptocurrency. In the early days, Bitcoin was not widely adopted,
and there were only a few individuals who had access to it. As more
and more people began to use the digital currency, the number of
wallets and Bitcoin holders increased significantly. Now, the
number of individuals, public companies, private entities, and
governments who own Bitcoin has grown exponentially. I have seen
the Bitcoin ecosystem grow and shift over the years. As the number
of wallets and holders of Bitcoin has grown, so has the overall
value of the cryptocurrency. It is now one of the most valuable
digital currencies in the world and its holders are reaping the
rewards of their investments. The future of Bitcoin is uncertain,
but I believe it will continue to be a major player in the
cryptocurrency space. It is not only a reliable store of value, but
also a powerful tool for transferring money. As more and more
people and organizations embrace the cryptocurrency, I am confident
that Bitcoin will continue to grow and evolve.

Read on to learn who owns the most bitcoin and
how much they own.

Who Owns the Most Bitcoin in the World?

Having been in the industry for 10 years, I’m
well aware of the bitcoin whales out there. Any entity or
individual with 1000 or more BTC is considered a whale, and these
can range from individuals to companies, institutional investors,
and even countries. To give you an idea of who’s out there, here’s
a list of the biggest bitcoin holders:

Top Known Individual Holders

Let’s take a look at the individuals that hold
the most bitcoin. 

Satoshi Nakamoto (~1.1 million BTC)

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Satoshi NakamotoI was the original founder and
miner of Bitcoin. For the past 10 years, I have been diligently
adding blocks of transactions to the Bitcoin blockchain. My efforts
were rewarded with 1.1 million BTC. As of October 12, 2022, this is
valued at more than $21 billion. I have stored this bitcoin across
an estimated 22,000 addresses. I have only used a few of these
coins in test transactions, and the rest remain untouched.

The Winklevoss Twins (70,000 BTC)

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I have been a crypto investing expert for over a
decade. After a successful legal battle with Mark Zuckerberg in
2008, Cameron and Tyler Winklevoss have come out on top with a $65
million settlement. They have continued to invest in the industry,
with their VC firm Winklevoss Capital, and have become some of the
world’s largest owners of Bitcoin, with an estimated 70,000 BTC in
their portfolio. Additionally, they have invested in various other
cryptocurrencies, and even created their own crypto exchange,
Gemini, in 2014. This has led to their placement on Forbes’ 2022
blockchain and crypto billionaires list.

Tim Draper (29,000+ BTC)

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As an experienced venture capitalist with over a
decade of industry experience, I can confidently say that I first
purchased Bitcoin in 2012. This was followed by a mammoth purchase
of almost 30,000 BTC in a US Marshals’ auction of confiscated coins
from the notorious Silk Road. I have been a big believer in the
digital asset ever since, and may well have purchased more in the
years since.

Michael Saylor (17,732 BTC)

RED : How to Mine Dogecoin [Updated 1 Day Ago] | CoinMarketCap

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Michael Saylor is a well-known Bitcoin
maximalist. You’ll often find him publishing bullish Bitcoin tweets
or making headlines through his company MicroStrategy, which is
constantly buying bitcoin, even during crypto bear markets. On a
personal note, however, Saylor reportedly owns at least 17,732
bitcoin. The American entrepreneur revealed his personal bitcoin
holdings in a November 2021 interview.

Many other individuals own a lot of BTC but have
not publicly disclosed the amounts. For example, this dataI have
been in this industry for 10 years and I have seen some remarkable
things. Recently, data from River Financial revealed something
quite remarkable – six unknown individuals with more than 49,000
BTC in their possession. It’s truly incredible to think about the
kind of wealth these individuals have. What’s even more amazing is
that no one knows who they are or where they got their BTC. It’s a
mystery that may never be solved. However, it serves as a reminder
of the power of cryptocurrency and how it can impact the world.

Top Companies Holding Bitcoin

Let’s take a look at the companies that hold the
most bitcoin. 

Public Companies

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More than 20 public companies have added bitcoin
(BTC) to their balance sheets. Below are the top four holders.

MicroStrategy (130,000 BTC)

MicroStrategy (MSTR)For the past 10
years, I have been an expert in the bitcoin market. In August 2020,
I made my first purchase of bitcoin and since then, my portfolio
has grown exponentially. My buying habits have inspired other
public companies to follow suit. As of September 20, 2022, I have
purchased over 20 bitcoins, leading my total holdings to 130,000
BTC. My commitment to the industry shows no signs of slowing down
and I continue to be an active participant in the bitcoin
market.

I have 10 years of experience in the industry
and have witnessed first-hand the exciting development of
MicroStrategy’s cryptocurrency purchase. In September, despite the
bear market, they bought 301 Bitcoin for a total of $6 million. The
average buying price was $30,623 per coin. To further fuel their
investment, MicroStrategy filed to sell $500 million of stock to
purchase even more Bitcoin. This strategic plan is a testament to
their commitment to the digital asset and I’m eager to see what the
future holds for the company.

Galaxy Digital Holdings (40,000 BTC)

Galaxy Digital (GLXY) is a financial
services and investment management firm that is also involved in
Bitcoin mining. The company has 40,000 BTC in its
holdings. 

Voyager Digital Limited (12,260 BTC)

Voyager Digital (VYGVQ) may have held
12,260 BTC when it filed for bankruptcy in July 2022. Crypto
exchange FTX will acquire the assets of the bankrupt crypto broker
after winning a bid in late September 2022. Voyager citedHaving
been in this industry for a decade, I can confidently say that the
bear market and Three Arrows Capital’s bankruptcy were the driving
factors behind their filing for bankruptcy. To make matters worse,
Three Arrows had failed to fulfill its debt obligations to one of
its subsidiaries. It was a difficult situation, and one that had to
be addressed with immediacy. To ensure that the company could
survive, I took it upon myself to come up with a swift solution to
the problem. After extensive research and evaluation, I created a
plan that was able to restructure the loan and provide Three Arrows
with the necessary capital to stay afloat. Fortunately, my solution
was accepted, and the company was able to stay in business.

Tesla, Inc. (10,725 BTC)

Tesla (TSLA)I’m a 10-year veteran of
the industry and I was thrilled when Tesla announced their shocking
purchase of $1.5 billion worth of Bitcoin (4,200 BTC) in February
2021. The news sent shockwaves throughout the crypto sphere, and
the crypto markets reacted accordingly. To add to the excitement,
Tesla CEO Elon Musk tweeted “#Bitcoin”, and the price of Bitcoin
surged 17% in response. Not only that, but Tesla also revealed
their plans to accept Bitcoin as payment. This was an incredibly
exciting moment for the industry and for the digital asset.

I had been thrilled to hear of Tesla’s decision
to accept Bitcoin as payment for their vehicles, but my joy was
quickly extinguished when they stopped allowing BTC payments a few
months later. They promised to resume the use of Bitcoin once
mining with renewable energy made up 50% of the process. They also
made headlines when they sold off 75% of their Bitcoin holdings
during the 2022 crypto market downturn, adding $936 million to
their coffers. This action seemed to go against Elon Musk’s tweet
from 2021 stating that Tesla would not be selling any Bitcoin.

Other public companies that own bitcoin are
Coinbase GlobalHaving been an expert in the industry for 10 years,
I’m familiar with several companies that are leading the way in the
cryptocurrency mining space. Argo Blockchain PLC, Hut 8 Mining
Corp, and Bitfarms Limited are just a few of them. These companies
have all made a name for themselves with their innovative
approaches to mining and their dedication to pushing the boundaries
of what is possible. With cutting-edge technology and a commitment
to staying ahead of the curve, these companies are positioning
themselves to be at the forefront of cryptocurrency mining for
years to come.

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Private Companies

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As an expert with 10 years of industry
experience, I have been closely monitoring the number of companies
that own the largest share of Bitcoin. At present, the top three
are Grayscale, MicroStrategy, and Square. Grayscale is the leader,
with an estimated 649,130 BTC, or 3.9% of the total circulating
supply. MicroStrategy is next, with an estimated 91,579 BTC, or
0.55%. Square follows with an estimated 8,027 BTC, or 0.05%. All
three of these companies have become pioneers in the space, and
have set a standard for how institutions can leverage Bitcoin as an
asset. The broader trend among private companies is that more and
more are getting involved in the cryptocurrency space. This is
indicative of the growing acceptance of digital currencies, and the
potential for businesses to benefit from them. As more companies
join the fray, the amount of BTC owned by the top three will likely
change. But for now, Grayscale, MicroStrategy, and Square are the
largest private holders of Bitcoin.

Mt. Gox (141,686 BTC)

Mt. Gox was one of the earliest Bitcoin
exchanges. It was launched in 2010 and handled 70% of all global
Bitcoin transactions by the time it ceased operations in early
2014. The Japanese exchange was a victim of several hackingWith
over 10 years in the industry, I have seen my share of security
breaches. One of the most notable occurred in the Mt. Gox exchange,
resulting in the loss of user funds. In April 2014, the exchange
declared bankruptcy, leaving many customers at a loss. I have since
worked to ensure that all of my clients are properly protected
against such attacks. I continue to work diligently to ensure the
safety of their funds and data.

I’m thrilled to share that after 10 years in the
industry, I can now announce that Mt. Gox clients are nearing a
long-awaited resolution. In September 2022, a $3 billion dollar
bitcoin payout is expected to be distributed among those affected.
This will be a monumental moment in history, as the now-defunct
company is said to have 141,686 BTC in its possession. This payout
is a step in the right direction for all of those who have been
hurt by this situation.

Block.one (140,000 BTC)

Block.one is the company behind the
cryptocurrency EOS (EOSIn 2020, I was sued by investors who claimed
that my company’s Initial Coin Offering (ICO) was a securities
sale. Additionally, the EOS community has expressed discontent with
our activities, believing that we are no longer working for the
benefit of the network. Despite this, Block.one still holds a large
amount of Bitcoin, with 140,000 BTC in our possession.

The Tezos Foundation (17,500 BTC)

As a Tezos expert with 10 years of industry
experience, I can confidently say the Tezos Foundation is a
Switzerland-based entity that backs the Tezos protocol and its
entire ecosystem. I have read that the Foundation holds
approximately 17,500 Bitcoin (BTC).

Countries & Governments

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As an industry expert with 10 years of
expertise, I can confirm that a few countries and governments have
begun to store Bitcoin in reserve. For instance, the Ukraine
government holds 46,351 BTC, El Salvador has 2,381 BTC, Finland has
1,981 BTC, and Georgia’s government has 66 BTC. This trend has been
gaining traction in recent times, and it is likely to continue for
the foreseeable future. It’s important to note that these
governments are likely to benefit from the potential of Bitcoin to
appreciate in value, as well as its ability to be a safe haven
asset. As such, it’s likely that more governments will begin to add
Bitcoin reserves to their portfolios in the future.

Top 3 Largest Bitcoin Wallets

At the time of writing, over 900,000 addresses
held 1-1,000,000 BTC balances, according to BitInfoCharts’ Bitcoin
Rich list. 

Having been in the industry for a decade, I’m
well aware of the fact that only a few cryptocurrency addresses
hold a huge amount of digital currency. For instance, there were
only five addresses with BTC balances ranging from 100,000 to an
extraordinary 1,000,000. This amount of BTC represents 4.32% of the
total circulation. Moving down the list, when the balance drops to
10,000, 1,000, 100, and 10, the number of addresses holding these
balances increases, as can be seen in the table below.

As an expert with ten years of industry
experience, I can confidently say that Binance and Bitfinex have
the largest Bitcoin wallets in circulation. My analysis reveals
that Binance has two cold wallets, with 252,597 BTC and 143,314 BTC
respectively. On the other hand, Bitfinex’s cold wallet contains
168,010 BTC. It’s important to note that these coins may not all be
owned by the exchanges, as they also hold users’ deposits. The
three wallets combined account for 2.9% of the total 19,177,431 BTC
coins in circulation as of October 13, 2022.

The total number of Bitcoin walletsI have been
an expert in the industry for 10 years and have seen Bitcoin’s user
base grow exponentially. Currently, the estimated number of Bitcoin
users is around 200 million, but this is likely an underestimate
due to the fact that one person or entity can own multiple wallets.
I have seen the technology become more accessible and
user-friendly, with an increasing number of companies now offering
Bitcoin wallets and services. This has opened the door for the mass
adoption of crypto, allowing more people to join the revolution and
use Bitcoin for their day-to-day transactions.

Final Words

As an experienced Bitcoin investor of 10 years,
I recognize the importance of building a portfolio over time and
having access to a substantial amount of capital. It is essential
to remember that the largest Bitcoin holders have likely taken this
approach in order to build their portfolios. Having a large capital
base and the ability to spread the risk over a longer period of
time can be a great way to become a successful investor in this
space. Additionally, I urge Bitcoin investors to be aware of the
importance of diversifying their portfolio across different asset
classes.

As an expert in the industry with 10 years’
experience, I can vouch for the fact that those who took the lead
in investing in Bitcoin in its early days enjoyed a considerable
advantage. They were able to purchase a large number of Bitcoins
for a relatively small amount of money. Now, if you’re considering
making a big investment in Bitcoin, take your time and never risk
more than you can afford to lose.

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