bitcoin price illustration. Now what. newsbtc bitcoin news
Bitcoin 2 mins

Who has/had the Most Bitcoins, Was It Silk Road? Maybe Not

Avatar Gautham 4 years ago

How many bitcoins have been mined so far? How many bitcoins did the FBI seize during the Silk Road investigation? Where did all those bitcoins go? Who has the most number of bitcoins in the world? These are some of the questions that are bound to be asked at one time or another, unless you have already asked that to yourself.

Starting with,

How many bitcoins have been mined so far?

To give you the statistics, out of the total 21 million bitcoins to be mined, over 14.75 million bitcoins are already mined. The total number of bitcoins mined so far can be found at this link.

Time for the next question,

How many bitcoins did the FBI seize during Silk Road investigation?

The Baltimore Task Force comprising of federal agents from the US Federal Bureau of Investigation and the US Secret Service carried out the investigation into Silk Road and Ross Ulbricht. It is estimated that over 174000 bitcoins were confiscated from Ross Ulbricht and Silk Road put together. About 144000 bitcoins were confiscated from Ross Ulbricht’s computer and the rest was found in multiple wallets belonging to Silk Road.

That’s a lot of bitcoins. Now,

What happened to all those bitcoins?

Well, upon confiscation of bitcoins from Ross and Silk Road, they were auctioned off in batches. Ross Ulbricht had to give his consent to the government for the liquidation of bitcoins confiscated during the investigation and at the time of his arrest. The last batch of bitcoins are now slated to be auctioned off on 5 November, 2015 by the United States Marshal Service.

While there is no detailed information about who all bought bitcoins during the auctions, some of those who bought and announced publicly include Tim Draper, a venture capitalist who bought $17 million worth in bitcoin at the first auction. Bitcoin Investment Trust which bought most of the bitcoins from the second auction and most of the bitcoins from the third auction was bought by Cumberland Mining, a secretive company which was later speculated to be either Coinbase or Bitfinex. Even itBit bought about 3000 bitcoins in the third auction.

The billion dollar question,

Who has the highest number of bitcoins in the world?

This is one question no one really has the answer to yet. It is speculated that the one with most number of bitcoins in the world must be someone who mined bitcoins in the early days and stocked it up. It can be either one individual who has all these bitcoins stored somewhere on a hard drive, or a mining company or a group of investors who are sitting on a mother lode of bitcoins.

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Instant Crypto Credit Lines™ from only 5.9% APR - unlock your crypto-wealth tax-efficiently, without selling it. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Show comments