WHO ARE THE BIGGEST CRYPTO WHALES?

  • Satoshi Nakamoto

  • Brian Armstrong

  • Michael Saylor

  • Chris Larsen

  • Changpeng Zhao

  • Tim Draper

While legal names may not be attached, crypto whales can be traced back to their wallet address’s public key. A public key, which lends to blockchain’s component of transparency, is a string of alphanumeric characters that exposes account activity but doesn’t reveal any identifiable user information.


This dynamic creates a sort of pseudonymity, where crypto holders can be recognized without having their true identity known. Still, crypto community members have theories on who’s who in the whale pod.

The following list, which sources from CryptoSlate and the Bankless Times, compiles the top wallets linked to individuals, excluding known private or public companies as well as governments.

  • Satoshi Nakamoto: Inventor of Bitcoin, Nakamoto holds one million BTC, or over $26 billion as of May 2023. To this day, no one can confirm whether this alias, pulled from Bitcoin’s white paper, belongs to just one person or a group of people.

  • Brian Armstrong: The CEO of Coinbase, one of the largest crypto exchanges on the market, disclosed in a November 2022 tweet that his company was in ownership of 2 million BTC, totaling $53 billion as of May 2023.

  • Michael Saylor: The executive chairman and a co-founder of MicroStrategy reported his crypto standings at 17,732 BTC in an October 2020 tweet — amounting to $476 million as of May 2023.

  • Chris Larsen: Co-founder of several Silicon Valley tech startups, it is estimated that Larsen’s 17 percent stake in Ripple translates to at least 5.19 billion XRP. As of May 2023 rates, that would come out to $2.4 billion.

  • Changpeng Zhao: The CEO of Binance is a known crypto whale who holds 95 percent of his wealth as Binance coin and Bitcoin. Zhao’s net worth, estimated at $65 billion in March 2022, fell to $4.5 billion in December 2022 due to a crypto crash.

  • Tim Draper: Venture capitalist Draper bought 30,000 BTC in 2014, converting to $806 million as of May 2023, during the market dip following a historic Bitcoin seizure case. Draper is also known to have investments in other crypto assets, such as Aragon’s ANT tokens.

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