Monday, January 30, 2023
Dapps Club
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges
No Result
View All Result
DAPSS CLUB
No Result
View All Result
Home Bitcoin

The richest Bitcoin addresses and their distribution

Karel Kašpar by Karel Kašpar
September 10, 2022
in Bitcoin
0
The richest Bitcoin addresses and their distribution
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


According to the specialized website BitInfoCharts, there would be just over 4,000 addresses containing more than $10 million in Bitcoin.

The most influential Bitcoin addresses

252,597 Bitcoin, that’s how much the richest Bitcoin wallet would amount to, while the second richest address has just over 168,000. According to what are estimates compiled by experts, in fact, the largest holder of Bitcoin would be its mysterious inventor, who hides behind the pseudonym Satoshi Nakamoto, who would be in possession of more than 1 million Bitcoin.

There are only five Bitcoin wallets with more than 100,000 BTC and, therefore, with a value of more than $2 billion. As is known, Bitcoin was created to have a limited supply of coins that will be equivalent to 21 million. The five richest wallets currently in circulation, collectively represent 4.08% of the total coins in circulation.

The amount of Bitcoin that each address layer holds relative to the entire Bitcoin supply fluctuates over time. The five largest BTC addresses, own a total of 778,627 BTC. The next 92 largest owners, ranging from 10,000 to 100,000 BTC, own a total of 2,169,396 BTC. These 97 richest addresses account for 14.15% of the total supply. Bitcoin addresses with 10,000 or more Bitcoin are referred to as whales by the crypto financial community.

Interestingly, from BitInfoCharts data, out of the five richest wallets, as many as three are deposited at the Binance exchange, and one the second largest at Bitfinex. It is very easy to guess that one of the three addresses may actually belong to the exchange’s founder and CEO Changpeng Zhao. According to the Bloomberg Billionaire Index, Zhao’s net worth was about $96 billion in January 2022, although the Forbes ranking gives him “only” $65 billion, making him by far the richest person in the world in the cryptocurrency industry.

whale bitcoin wallet
The richest Bitcoin addresses on the net

The alleged address belonging to the CEO of FTX and the following richest people

As for the second most substantial Bitcoin address, it is alleged to be deposited with the FTX exchange. It is hard not to think that it actually belongs to the billionaire and eclectic founder of the exchange itself, Sam Bankman-Fried, who has had a meteoric rise in his business and is now regarded as the second richest man in the world in the crypto industry. An honors graduate of the prestigious MIT in Boston, in 2019 he founded FTX, one of the world’s most popular cryptocurrency exchanges, and Forbes estimated his fortune to be worth about $26.5 billion in October 2021.

Two other billionaires who are very well known in the crypto world are the twins Tyler and Cameron Winklevoss, who with great foresight, turned the millions they earned from their lawsuit against Facebook and their former college colleague Zuckerberg, who was accused of stealing the idea of the social from them, into cryptocurrencies. They became the first billionaires in the cryptocurrency ecosystem after Bitcoin prices soared in late 2017. Forbes estimates their net worth at about $5 billion.

On the corporate side, on the other hand, it is now common knowledge that MicroStrategy is the company by far in possession of the largest amount of Bitcoin, just under 130,000 for a countervalue of more than $2.6 billion, although the market’s downturn is putting the company in serious trouble over a loan taken out specifically to buy Bitcoin, which could force it to a margin call.

Tesla’s Bitcoin holdings

Meanwhile, Tesla Inc. holds more than 10,800 BTC, which is the second largest amount of Bitcoin held by a single company, a 0.051% of the total BTC supply, after selling more than 31,000 BTC in the past few months. The third largest Bitcoin holding by a public company is Galaxy Digital Holdings, which owns 16,400 BTC.

Institutional investors in the crypto world

As for institutional investors, the largest holders of Bitcoin are undoubtedly ETFs. They own a total of 816,379 BTC, 3.88% of the total Bitcoin supply. The largest bitcoin ETF is Grayscale Bitcoin Trust (GBTC), which owns 654,600 BTC, or nearly 3.2% of the total supply. In total, ETFs, public and private companies own nearly 1.5 million BTC, more than 7% of the total supply.

Governments around the world also hold Bitcoin, totaling about 259,870 BTC, representing 1.23% of the total supply and exceeding the country’s own gold reserves. Reports state that Bulgaria holds more than 213,519 BTC and members of the Ukrainian government privately hold about 46,351 BTC. According to some estimates, the US government also holds about 70,000 Bitcoin, derived in part from seizures of cryptocurrencies used for illicit trafficking.







Source link

You might also like

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

Here’s What Will Be Important

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

Tags: AddressesBitcoindistributionrichest
Share30Tweet19
Karel Kašpar

Karel Kašpar

Recommended For You

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

by Karel Kašpar
January 30, 2023
0
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created...

Read more

Here’s What Will Be Important

by Karel Kašpar
January 30, 2023
0
Here’s What Will Be Important

The Bitcoin price is facing the most important week of the year so far. While BTC managed a slight rally of around 3% over the weekend, this week...

Read more

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

by Karel Kašpar
January 30, 2023
0
Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

"The 1 million instantly withdrawable Ether is more of a concern. This amounts to around 1% of free-floating Ether, in other words, not staked Ether. In a matter...

Read more

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

by Karel Kašpar
January 30, 2023
0
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.At...

Read more

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K – CoinDesk

by Karel Kašpar
January 30, 2023
0
First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K – CoinDesk

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K  CoinDesk Source link

Read more
Next Post
Wedge Pattern Breakout Sets Apecoin For A 10% jump

Wedge Pattern Breakout Sets Apecoin For A 10% jump

Related News

Web3 Watch: Metaverse Madness In The Sandbox and Decentraland

Web3 Watch: Metaverse Madness In The Sandbox and Decentraland

August 25, 2022
Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows – Featured Bitcoin News

Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows – Featured Bitcoin News

November 2, 2022
Top 5 Altcoins To Buy Under $1

Top 5 Altcoins To Buy Under $1

November 21, 2022

Browse by Category

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Recent News

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

January 30, 2023
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

January 30, 2023
Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

January 30, 2023

Categories

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Follow Us

Browse By Tags

Altcoin Altcoins analysis Analyst Big Binance Bitcoin Blockchain BTC Buy Cardano Coin Coinbase crypto Cryptocurrency Digital dogecoin ETH Ethereum Exchange Exchanges Eyes FTX Global GUIDE Heres Inu Investors Latest Litecoin LTC MARKET Metaverse News Prediction Price Regulation Risk Shiba Solana Today Token Top Trading week

© 2021 DAPPS CLUB

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges

© 2021 DAPPS CLUB

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?