Bitcoin (BTC) 🪙, the brainchild of the pseudonymous Satoshi Nakamoto, has revolutionized value transfer with its blockchain technology. The number of wallets holding at least 1 BTC is at an all-time high, nearing a million. However, Bitcoin ownership is not evenly distributed 📊. Satoshi is often cited as the largest Bitcoin holder, with other significant holders including early adopters, public companies, private entities, and governments.
Of the max supply of 21 million, over 19.5 million BTC is in circulation. Wallets with 1000 or more BTC are known as ‘whales’ 🐳. Five wallets hold between 100,000 to 1 million BTC, accounting for 4.2% of the total circulating supply. Four of these are held by crypto exchanges Binance and Bitfinex.
Satoshi Nakamoto is believed to be the largest BTC holder, with an estimated 1.1 million BTC worth over $31 billion 💰. This represents around 5% of the total possible BTC supply.
Institutional investors also hold substantial BTC. Grayscale Bitcoin Trust (GBTC) owns approximately 635,236 BTC, while Microstrategy, the publicly traded company with the largest BTC balance, holds 140,000 BTC. In total, 40 public companies own over 216,000 BTC, or over 1% of the supply.
Private companies hold over 174,000 BTC, with Block.one owning 164,000 BTC. Governments also hold significant BTC, with the U.S. holding 205,000 BTC and Bulgaria reportedly holding 213,000 BTC. El Salvador, which has adopted Bitcoin as legal tender, holds 2,381 BTC.
Despite the large holdings of these entities, the increasing adoption and declining supply of Bitcoin suggest a bullish future for the asset 🚀.
To dive deeper, check out the complete article: https://droomdroom.com/who-owns-the-most-bitcoin/
