Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats

Scott Matherson

9 months ago

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time, the top Bitcoin wallets no longer 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 when it comes to the Bitcoin holder base. In a screenshot shared on the social media platform, Marty revealed that governments and institutions now dominate the top holder list for the cryptocurrency.

The only ‘private entity’ that remains on the list is Bitcoin founder Satoshi Nakamoto, whose original 1.1 million BTC holding remains unmoved. The following 10 wallets belong to various governments and companies, telling a story of complete eliminate of private holders in the pioneer cryptocurrency.

In the second spot is the Binance crypto exchange, the largest exchange in the world. It currently holds 550,133 BTC. Binance is followed by newcomer BlackRock, whose IBIT Spot Bitcoin ETF went live back in January 2024. In less than one year, BlackRock has manage to amass a staggering 347,767 BTC.

Fourth place on the list belongs to Grayscale, which is notable for introducing the first Bitcoin Trust in the United States. Grayscale has suffered outflows over the course of 2024 as investors moved to other Spot Bitcoin ETF issuers. As a result, its BTC holdings has dropped from over 600,000 to 263,801.

Next on the list is MicroStrategy as the fifth-largest Bitcoin holder in the world, with 226,500. Interestingly, MicroStrategy has said it has no plans to sell its Bitcoin anytime soon and has revealed plans to raise another $2 billion to buy 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 about the governments on the list is that the BTC was not bought but rather 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 top 10 with 164,000 BTC.

Bitcoin price chart from Tradingview.com — BTC bears pushing selling pressure | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.