The publishers of BeInCrypto have been scrutinizing Bitcoin (BTC) wallets to find out which companies and governments are the biggest corporate holders of Bitcoin. Not surprisingly, Michael Saylor’s MicroStrategy holds the largest number of bitcoins for a publicly traded company at 152,800, which is about 0.7% of the total supply.
Miner Marathon Digital Holdings controls the second largest stake in the company at just under 13,000 BTC. The company controls 0.062% of issued assets, while automaker Tesla owns 10,725%.
Businesses and governments keep 4% of all bitcoins issued
According to BuyBitcoinWorldWide, public companies actually control about 1% of all Bitcoin issued.
Top 3 publicly traded companies that own bitcoin | Source: BuyBitcoinWorldwide
Most private bitcoin companies are stuck on the bankrupt Mt. Gox exchange. The frozen holdings are 200,000 BTC, or 0.95% of the Bitcoin supply issued.
Private companies account for 2% of total bitcoin supply | Source: BuyBitcoinWorldwide
Eight other private companies account for about 1.1% of BTC supply, while U.S. and Chinese authorities control most of the government-held 2% supply.
The largest exchange wallets contain 1.2 million BTC
According to Bitinfocharts data, two of the top five BTC wallets contain 363,774 Bitcoin and are owned by Binance. The exchange also controls another seven of the top 100 addresses.
- What is a crypto wallet? Read our comprehensive breakdown here.
- And to learn the differences between hot and cold wallets, click here.
Binance also accounts for about 609,248 Bitcoin, or 3% of the total BTC supply. In second place, with a 0.9% share, is a 178,010 BTC wallet owned by Hong Kong-based exchange Bitfinex.
The New York-based Gemini Exchange now has the third-largest wallet among exchanges with 118,300 Bitcoin.
It is worth noting that customers, not companies, own cryptocurrency in exchange wallets. Customers allow crypto companies to act as custodians of the cryptocurrencies they escrow.
The top 100 wallets control 15% of the BTC issued
After analyzing all the available data, it appears that Binance wallets contain most of the bitcoin supply. Second is the US government, and the third largest holder is Mt. Gox. Around 100 wallets control about 15% of the total Bitcoin supply.
I have something to say about bitcoin wallets or something else? Write to us or join the discussion on our Telegram channel. You can also see us on TikTok, Facebook or X (Twitter).
Disclaimer
In accordance with Trust Project policies, BeInCrypto is committed to unbiased and transparent reporting. The goal of this news article is to provide accurate and timely information. However, readers are encouraged to independently verify the facts and consult a professional before making any decisions based on this content.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.