The crypto community refers to large households or institutions that hold more than 1,000 Bitcoins as crypto whales. These giant whales hold huge amounts of Bitcoin, and every time they buy or sell, they will bring turbulence to the crypto market. We only organize and analyze the public data and compare it with the data on the chain.
The person who holds the largest number of Bitcoins is of course the founder of Bitcoin, Satoshi Nakamoto. The number of Satoshi Nakamoto’s Bitcoins is 1,148,800, with a current market value of US$29.7 billion.
According to the 2022 Forbes Global Billionaires List, Musk ranks first in the world's wealth rankings with $219 billion. Zuckerberg ranks 15th in the world with $67.3 billion. According to the current appreciation rate of Bitcoin, Satoshi Nakamoto will become the richest man in the world after two more rounds of bull and bear markets in the cryptocurrency market.
1PTFYUG6nCzRrByoRfGT5kefUNuZjNF84o This address is the creation address of Bitcoin and the wallet address of Satoshi Nakamoto. Bitcoin has never moved. This address is not only a major Bitcoin owner, but also a major owner of forked coins such as BCH and BSV. Some crypto enthusiasts continue to send small amounts of Bitcoin into this address to express their respect for Satoshi Nakamoto.
The second largest holding of Bitcoins is Grayscale Bitcoin Trust. It owns 654,885 Bitcoins and has a market value of US$16.94 billion.
Grayscale Bitcoin Trust is a Bitcoin and blockchain investment company. Grayscale, the holding company of Grayscale Bitcoin Trust, is the largest digital asset management company in the market and the largest and earliest crypto-asset investment institution in the world. It launched the trust fund in September 2013. GBTC is one of its largest products. It is mainly a fund for investors who want to invest in Bitcoin but are worried about the risks. Investors hand cash or Bitcoin to Grayscale in exchange for GBTC shares, so they don’t have to worry about how to store Bitcoin, whether it will violate the law, and how to pay taxes.
The third largest holder of Bitcoin is the U.S. government. There are approximately 164,004 Bitcoins, with a market value of US$4.242 billion.
The Bitcoins held by U.S. authorities are mainly confiscated from the black market and hackers.
The fourth largest holder of Bitcoin is Block.one. It owns approximately 164,000 Bitcoins and has a market value of US$4.24 billion.
Block.one is a technology development company founded in 2017 with blockchain technology and is committed to building decentralized applications and blockchain solutions. One of the most famous products is the domain name EOS.IO.
MicroStrategy, a US listed company, holds the fifth largest number of Bitcoins. It owns approximately 152,333 Bitcoins and has a market value of US$3.94 billion.
MicroStrategy is a publicly traded U.S. company that provides business intelligence, mobile software, and cloud-based services.
The sixth largest Bitcoin holder is Japan’s Mentougou Exchange. It owns approximately 141,686 Bitcoins and has a market value of US$3.66 billion.
Mentougou is a well-known platform that collapsed due to hacker attacks. It is headquartered in Tokyo, Japan. It was once one of the largest Bitcoin trading platforms in the world, founded in 2010.
It was hacked in 2014, stopped trading, and announced that a large number of Bitcoins were lost in the hacking attack, which caused its users to lose billions of dollars in funds, triggering a serious financial and legal crisis, and subsequently the bankruptcy of Mentougou The application and liquidation process lasted several years. Every time the market makers in the crypto market want to smash the market, they use the Mentougou incident to explain the compensation, and they succeed every time.
The seventh largest holder of Bitcoins is American Marathon Digital Holdings. It owns approximately 12,964 Bitcoins and has a market value of US$335 million.
Marathon Digital Holdings is an American digital asset technology company focusing on Bitcoin block production and blockchain technology. The company's mission is to support the security and reliability of the Bitcoin network by producing blocks and to pursue growth and innovation in the digital asset space.
The eighth largest holder of Bitcoins is Tesla from the United States. It owns approximately 10,800 Bitcoins and has a market value of US$279 million.
The Wall Street Journal revealed that Tesla’s brother company SpaceX owns approximately 10,800 Bitcoins.
The ninth largest holder of Bitcoin is Canada’s Hut 8 Mining Corp. It owns approximately 9,152 Bitcoins and has a market value of US$236 million.
Hut 8 Mining is a Canadian Bitcoin mining company focusing on Bitcoin block production and digital asset management. Founded in 2017, the company is one of the largest listed Bitcoin block production companies in North America. It has mines in multiple locations in Canada and is able to mine an average of about 300 Bitcoins per month.
The South American country El Salvador holds the tenth largest number of Bitcoins. It owns approximately 2,381 Bitcoins and has a market value of US$61 million.
The President of El Salvador used state treasury funds to purchase Bitcoin in multiple installments. On June 9, 2021, the Congress of El Salvador officially voted to pass the Bitcoin Bill, becoming the first country in the world to declare Bitcoin as legal tender, which caused a sensation in the entire crypto industry and even the traditional financial industry. This is also the first time that Bitcoin has become a country’s legal tender.
The eleventh largest holding of Bitcoins is Hong Kong-listed company Meitu Xiu Xiu. Owns approximately 379 Bitcoins with a market value of US$09.8 million.
Meitu Xiuxiu believes that there are plans to enter the blockchain. She believes that the blockchain has great potential but is still in its early stages, and that cryptocurrencies have enough room for appreciation and can be used as cash reserves to maximize the long-term interests of shareholders and prepare for the entry into the blockchain. chain ready.
At present, it seems that the largest holders of Bitcoin are U.S. institutions, U.S. listed companies, and the U.S. government. The world’s leading exchanges. In addition, stablecoin issuer Tether has also become one of the whale holders.
Bitcoin contract trading volume has now dropped to its lowest level since December 2022, averaging below $7 billion per day. This indicates that traders are either unwilling to take further action at current price levels. Some whale activity and adjustments are mainly driven by short-term holders. Most whales hold Bitcoin as an asset and take a wait-and-see attitude when prices fluctuate significantly.
