Bitcoin (BTC) is worth $1.98 trillion as of December 8, 2024, at 3:25 p.m. EDT, when its price was $100,297 per coin. This makes it the ninth most valuable asset in the world by market value. Here is a comprehensive list of the top 10 entities that own Bitcoin, along with their stakes, before we enter the year 2025.
Bitcoin Surpasses $100K
Bitcoin Hits made history this week, reaching a height of $103,647 on December 4 and becoming the first digital currency to ever surpass $100,000. For a moment there, it fell below six figures, but by Saturday afternoon, shortly after three o’clock, it had recovered and was back above $100,000. Presently, there are around 19,792,573.94 BTC floating around the market at a block height of 873,693. New ownership dynamics have emerged in the bitcoin market with the launch of spot ETFs in the United States a year ago.
According to statistics compiled by timechainindex.com, coins held are more than any other entity. Bitcoin hits advised that the unspent block rewards from 2009 (including Satoshi’s holdings), 2010, 2011, 2012, and subsequent years are not included in this research. As of right now, accessible on-chain data from timechainindex.com indicates that the San Francisco exchange and custodian (Nasdaq: COIN) has 1,123,520.49 BTC, valued at about $112 billion. Next on the list is Binance, the controlled cryptocurrency exchange, which had 686,997.40 BTC, or an incredible $68.9 billion, as of December 7th.
Top Bitcoin Holders Blackrock MicroStrategy
If you believe the data from the blockchain parser, Blackrock is just behind them. Finishing in third position with 520,861 BTC, or $52.2 billion at today’s pricing, is the firm’s ETF, which is called IBIT. Cryptocurrency holdings of 402,099.99 BTC, valued at $40.3 billion, put publicly traded business Microstrategy in fourth place. Next on the list is Bitfinex, a controlled cryptocurrency exchange that has 350,262.05 BTC and an estimated $35.04 billion in value.
With a combined value of $196.59 billion, these five companies hold an incredible 1,960,220.44 BTC. Together, their holdings account for over 9.9 percent of all Bitcoin Hits in circulation. With on-chain verified holdings of 211,799.39 BTC, worth around $21.19 billion this weekend, Grayscale grabs sixth place. At 201,043.88 BTC or almost $20.11B, Fidelity is the eighth-largest cryptocurrency wallet.
Top Bitcoin Holders and Market Today
Eighth rank goes to the United States government, which owns 199,172.73 BTC worth $19.92 billion in seized assets. Aside from Satoshi Nakamoto’s holdings and unspent incentives, the government’s possession of these bitcoins would undoubtedly keep it among the top 10 holders globally.
However, the Mystery person, “Individual X,” has been identified by timechainindex.com and will be discussed next. The value of these 180,701.87 BTC held by this unknown entity is a little over $18 billion. Finally, at $17.94 billion, the 179,409.90 BTC held on-chain by the centralized Crypto exchange Kraken rounds out the top 10.
Totaling 972,127.77 BTC, or $97.4 billion, the six to ten largest Bitcoin holders own the cryptocurrency. With an astonishing $294 billion in today’s pricing, the top 10 entities hold 2,932,348.21 BTC. All told this cluster is home to around 14.82% of Bitcoin’s current supply. Although it may seem like all of these bitcoins are sitting in a few wallets. The reality is that when services like timechainindex.com and intel.arkm.com monitor companies, the monies are actually spread out among hundreds of addresses.
Bitcoin’s rising value to six figures demonstrates. Its increasing prominence as a worldwide asset and the increasing concentration of ownership among influential individuals. There are concerns over decentralization and the changing power structures. The Bitcoin hits ecosystem is due to the increasing wealth of a few key holders.
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