Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats
August 15 2024 - 6:30AM
NEWSBTC
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. Related Reading: Analyst Says XRP Price Will
Rally 10,400% To $60, Here’s When 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. Related Reading: Dogecoin On
Track To Rally 100% To $0.2; Crypto Analyst 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. Featured image created with Dall.E,
chart from Tradingview.com
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