The world of Bitcoin is ever-changing, and those who invested in the digital currency at the beginning of the year have witnessed a remarkable surge of at least 152.1% in its value. This impressive growth trajectory reached a significant milestone when Bitcoin crossed the $100K threshold. The market is currently exhibiting a bullish sentiment, with reports suggesting that long-term investors are optimistic about the cryptocurrency’s recent achievements.
Unveiling the Top Bitcoin Holders of 2024
The pressing question on everyone’s mind is: Who are the top ten Bitcoin holders this year? The answers may surprise you. Let’s delve into the details!
BTC Holdings: A General Overview
In the realm of Bitcoin ownership, different entities hold varying amounts of the digital asset. ETFs lead the pack with an impressive 1,305,587 BTC, equivalent to about 6.21% of the total Bitcoin supply. Public companies follow with 529,558 BTC, while countries hold 575,911 BTC. Private companies account for over 366,738 BTC, DeFi projects hold at least 155,936 BTC, and BTC mining companies possess more than 84,008 BTC.
The Top Ten BTC Holders in 2024
Let’s explore the top ten Bitcoin holders for 2024:
1. US Spot ETFs
The United States is home to at least 12 spot Bitcoin ETFs, collectively holding a staggering 1,104,534 BTC. This makes them the largest holders of Bitcoin.
2. Satoshi Nakamoto
Despite being surpassed by US Spot ETFs, Satoshi Nakamoto, the enigmatic founder of Bitcoin, remains a significant holder with 1,100,000 BTC, securing the second position.
3. Binance
Binance, a leading cryptocurrency exchange, ranks third with over 633,000 BTC. It is noteworthy that Binance is not the only exchange in this list.
4. MicroStrategy
Among public companies, MicroStrategy stands out with a holding of 439,002 BTC, accounting for approximately 76.23% of the total holdings by public companies. This positions MicroStrategy as a dominant force in the Bitcoin ecosystem.
5. US Government
The US government holds a substantial amount of Bitcoin, with 207,189 BTC, making up at least 39.12% of the total holdings by countries.
6. Chinese Government
China follows closely, holding 194,000 BTC, which constitutes at least 36.63% of the total Bitcoin holdings by countries. This places China in a competitive stance against the US.
7. Bitfinex
Bitfinex is another key cryptocurrency exchange on the list, possessing over 184,027 BTC.
8. Kraken
Kraken is the third major exchange in the top ten, with approximately 158,959 BTC in its holdings.
9. Block One
Among private companies, Block One holds a significant portion, with 140,000 BTC, accounting for nearly 38.17% of the total Bitcoin holdings by private entities.
10. Robinhood
Rounding out the top ten is Robinhood, another exchange, which holds 142,361 BTC.
Conclusion: The Evolving Landscape of Bitcoin Ownership
The rise of Bitcoin in 2024 has not only increased its value but also spotlighted the major entities holding substantial amounts of BTC. From ETFs to governments and exchanges, the distribution of Bitcoin reflects its growing adoption and perceived stability in the financial world. As the landscape continues to evolve, these key holders will likely play pivotal roles in shaping the future trajectory of Bitcoin.
