Top Bitcoin Investors (Holders).

Top Bitcoin Holders (Top 5 Bitcoin Investors)

Bitcoin is the largest blockchain-based digital asset. It is wildly popular among?cryptocurrency?enthusiasts and speculative investors. At one time, individuals held the most bitcoin as an investment. However, the top bitcoin investors are no longer individuals because exchanges, brokerages, and businesses have taken over as the largest bitcoin holders.

?

KEY TAKEAWAYS

• The person who holds the most bitcoin is believed to be Satoshi Nakamoto, the unknown figure behind its creation.
• Bitcoin has been a business interest for many years, but following the approval of spot bitcoin ETFs in January 2024, businesses accounted for the most bitcoin held.
• Types of businesses that hold bitcoin are brokerages, exchanges, business intelligence and analysis companies, and venture capital groups.

1. Satoshi Nakamoto

While not an investor in the traditional sense,?Satoshi Nakamoto, the anonymous Bitcoin creator, is rumored to hold the most bitcoin. Many interested people have investigated addresses thought to be used by this figure and concluded that Nakamoto holds 1.1 million bitcoins (more than $68 billion at May 2024 market prices).

The first address used by Nakamoto, called the Genesis address, includes the first 50 bitcoins ever transferred. It is also subject to occasional donations from some Bitcoin enthusiasts, with more than 49 BTC sent to it since Nakamoto disappeared.

2. Binance

The largest?cryptocurrency exchange?by trading volume invests in bitcoin as a client safety measure. According to its Proof-of-Reserves page and report, the exchange holds a bitcoin-to-client deposit ratio of at least 1:1, a whopping 617,534.194 BTC on May 8, 2024 (106.06% of customer holdings). This policy ensures that the exchange can honor its commitment to ensuring the safety of its customer's assets.

3. Grayscale

One of the first businesses to create investing products related to bitcoin,?Grayscale's Bitcoin Trust ETF (GBTC)?is one of the most popular bitcoin investments besides bitcoin itself. On May 8, the ETF held 292,267.9983 BTC, allowing investors direct access to price changes.

The ETF was originally a trust that held bitcoin until January 2024. That month, the Securities and Exchange Commission approved 11 spot bitcoin ETFs, which caused a flurry of outflows from GBTC to other investments. However, as of May 2024, GBTC remained the largest bitcoin holder among brokerages

Grayscale is owned by Digital Currency Group, a venture capital firm heavily invested in the cryptocurrency and blockchain industries. The group also owns or invests in many other well-known brands, such as the cryptocurrency exchanges Blockchain and Kraken, and blockchain development companies Polygon, Ripple, and Lightning Labs.

4. BlackRock iShares

BlackRock's iShares?Bitcoin Trust (IBIT)?is another of the ETFs approved by the SEC in January 2024. Its management quickly built up its holdings over the following months, reaching 274,322.38310 BTC in May 2024.

5. Microstrategy

It's no secret that the co-founder and CEO of business intelligence firm MicroStrategy, Michael Saylor, believes that bitcoin is the next evolution in finance. He is one of the most vocal bitcoin proponents, frequently tweeting and publicly supporting it via the media, conferences, and gatherings.

MicroStrategy continues purchasing bitcoin and held a total of about 214,400 bitcoins in May 2024.

Who Is the Biggest Investor in Bitcoin?

Businesses are the biggest bitcoin investors in 2024. Binance and Grayscale hold the most bitcoin, following the accounts believed to belong to Satoshi Nakamoto.

Which Wealthy Investors Own Bitcoin?

Some of the most prominent holders of bitcoin are the Winklevoss twins, Michael Saylor, and Tim Draper. There are likely many other wealthy investors that hold bitcoin in their investment portfolio.

Which Government Owns the Most Bitcoin?

The United States government is the government that holds the most bitcoins. The U.S. holds over 210,000 bitcoins, valued at approximately $13 billion.

The Bottom Line

Bitcoin and cryptocurrencies are volatile investments but many people invest heavily in them, hoping they will continue exceeding previous highs and return a tidy profit. While investing in bitcoin and other cryptos can be challenging for investors unfamiliar with the crypto world, new methods of investing in bitcoin and other cryptos have emerged, primarily in the form of exchange-traded funds (ETFs).

If you are looking for exposure to cryptocurrencies but are hesitant given the complexities, crypto ETFs could be a good investment option; however, they come with risks not seen in traditional ETFs that invest in stocks.

- Krishna Dixit

?