As Bitcoin has change into more mainstream, increasingly more institutions are starting to hedge their bets with the cryptocurrency. Over the past 4 years, institutions have grown their holdings exponentially, and the results of that is that these large institutions have change into the more dominant holders of Bitcoin. A lot in order that presently, the highest Bitcoin wallets now not include any private holders besides Bitcoin creator Satoshi Nakamoto.
Top 10 Bitcoin Wallets Revealed
In an X (formerly Twitter) post, crypto pundit Marty Party shared an interesting development relating to the Bitcoin holder base. In a screenshot shared on the social media platform, Marty revealed that governments and institutions now dominate the highest holder list for the cryptocurrency.
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The one ‘private entity’ that is still on the list is Bitcoin founder Satoshi Nakamoto, whose original 1.1 million BTC holding stays unmoved. The next 10 wallets belong to numerous governments and corporations, telling a story of complete eliminate of personal holders within the pioneer cryptocurrency.
Within the second spot is the Binance crypto exchange, the biggest exchange on the earth. It currently holds 550,133 BTC. Binance is followed by newcomer BlackRock, whose IBIT Spot Bitcoin ETF went live back in January 2024. In lower than one yr, BlackRock has manage to amass a staggering 347,767 BTC.
Fourth place on the list belongs to Grayscale, which is notable for introducing the primary Bitcoin Trust in america. Grayscale has suffered outflows over the course of 2024 as investors moved to other Spot Bitcoin ETF issuers. Consequently, its BTC holdings has dropped from over 600,000 to 263,801.
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Next on the list is MicroStrategy because the fifth-largest Bitcoin holder on the earth, with 226,500. Interestingly, MicroStrategy has said it has no plans to sell its Bitcoin anytime soon and has revealed plans to boost one other $2 billion to purchase BTC.
The Bitfinex Exchange cliche the sixth spot on the list with 221,315 BTC, followed closely by the US government with a notable 213,246 BTC. Next is the Chinese Government in eight position with 190,000 BTC. The interesting thing concerning the governments on the list is that the BTC was not bought but quite obtained from seizures from individuals.
After the Chinese government is Fidelity with its FBTC Spot Bitcoin ETF fund. The billion-dollar asset manager currently holds 176,626 BTC, earning it ninth position on the list. While Block One made it into the highest 10 with 164,000 BTC.
BTC bears pushing selling pressure | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com