Bitcoin has significantly grown in value, achieving a remarkable milestone of $100K this year. With a bullish market outlook, long-term investors are more enthusiastic than ever about Bitcoin’s performance. If you had invested in Bitcoin at the beginning of the year, you might have enjoyed a growth of at least 152.1%. But have you ever wondered who the top holders of Bitcoin are in 2024? Let’s dive into the list of the biggest players in the Bitcoin realm.
BTC Holdings: A Comprehensive Overview
The landscape of Bitcoin holdings is diverse and intriguing. Exchange-Traded Funds (ETFs) are at the forefront, with a staggering 1,305,587 BTC, which constitutes at least 6.21% of the total Bitcoin supply. Public companies follow, holding 529,558 BTC, while countries collectively possess 575,911 BTC. Private companies have amassed over 366,738 BTC, and the DeFi sector controls at least 155,936 BTC. Notably, BTC mining companies own upwards of 84,008 BTC, showcasing the varied distribution of this digital asset.
The Top Ten BTC Holders in 2024
1. US Spot ETFs
The United States is home to at least 12 spot Bitcoin ETFs, collectively holding a formidable 1,104,534 BTC. These ETFs represent a significant portion of the Bitcoin market, highlighting the growing institutional interest in cryptocurrency investments.
2. Satoshi Nakamoto
The enigmatic creator of Bitcoin, Satoshi Nakamoto, remains a formidable holder with 1,100,000 BTC. Despite being surpassed by US Spot ETFs, Nakamoto’s holdings continue to command significant influence in the Bitcoin ecosystem.
3. Binance
Binance, one of the world’s leading crypto exchanges, holds over 633,000 BTC, securing its position as a major player in the cryptocurrency market. Binance’s substantial holdings underscore its role as a key facilitator of Bitcoin transactions.
4. MicroStrategy
MicroStrategy, a prominent public company, accounts for 76.23% of the total Bitcoin holdings of public companies, with an impressive 439,002 BTC valued at over $46 billion. This strategic investment positions MicroStrategy as a significant Bitcoin advocate in the corporate world.
5. US Government
The US government holds 207,189 BTC, representing at least 39.12% of the total Bitcoin holdings by countries. This substantial reserve highlights the government’s engagement with the cryptocurrency market.
6. Chinese Government
Trailing closely behind the US, the Chinese government holds 194,000 BTC, accounting for 36.63% of the total Bitcoin holdings by countries. This demonstrates China’s ongoing involvement in the digital currency space.
7. Bitfinex
Bitfinex, another influential crypto exchange, holds over 184,027 BTC. Its significant reserves emphasize its critical role in Bitcoin trading and liquidity.
8. Kraken
Kraken, a major crypto exchange, holds approximately 158,959 BTC. It is the third major exchange on the list, further illustrating the dominance of exchanges in Bitcoin accumulation.
9. Block One
As a leading private company in the blockchain space, Block One holds 140,000 BTC, which constitutes nearly 38.17% of the total Bitcoin holdings of private companies. This solidifies Block One’s position as a key player in the crypto industry.
10. Robinhood
Rounding out the list is Robinhood, an exchange that holds 142,361 BTC. Its inclusion in the top ten signifies the growing influence of trading platforms in Bitcoin ownership.
Conclusion
The year 2024 has marked a significant rise in Bitcoin’s value, drawing attention to the major entities holding substantial BTC reserves. From ETFs to governments and exchanges, the distribution of Bitcoin highlights its increasing adoption and perceived stability. As Bitcoin continues to evolve, these key holders will likely play a pivotal role in shaping the future of the cryptocurrency market.
