Who Owns the Most Bitcoin?

We all know that Bitcoin is the most popular cryptocurrency in the world. Who owns the most Bitcoin? Many people and groups have invested in bitcoin, but it’s difficult to determine who has invested more than anyone else. Whatever the instance may be, there are numerous people out there who have made some serious investments in bitcoin, and they’re not ready to give up their position at the top just yet.

Who Owns Bitcoin and Does it Matters?

Bitcoin is a digital thing that can be used in different places. It was the very first available to the public in 2009. It operates on a decentralized blockchain network that uses a peer-to-peer system, eliminating the demand for the usual financial intermediaries such as banks and governments.

A lot of people have mined and traded Bitcoin since it was created in 2009. Many of them are now multimillionaires because they got in early. But not many people can predict that Bitcoin would be so popular and help them earn a fortune. When people first started trading with Bitcoin, it was just a smart investment, but those who got in early.

Nevertheless, the global pandemic devastated major economies worldwide, and some people are still hopeful. The cryptocurrency market has continued to grow, and many new investors have taken a taste of Bitcoin and other popular coins like Ethereum or Litecoin. But what about those who were in it from day one?

Bitcoin is a digital asset charting as the number-two ranked cryptocurrency by market cap. It first became available in 2009 and eliminated the need for financial intermediaries like banks or government entities. Consumers are the leading BTC owners, while institutions haven’t taken such an active role with Bitcoin investment opportunities so far.

Research shows that the owner of most (1.1 million) Bitcoins is Satoshi Nakamoto, and he probably has wallets with multiple Bitcoins in them. He sometimes moves his Bitcoin from one wallet to another, which scares people who trade in Bitcoin because they think there will be a crash soon after this happens.

Million Americans Now Own Bitcoin

A new study says that about 46 million Americans now own Bitcoin. That is 17% of the population in America. Some people are also considering adding cryptocurrency to their personal financial plans.

A group of people from New York called the Digital Investment Group conducted a study. They found that 75% of the people who responded wanted to learn more about Bitcoin annuities and life insurance. Nearly 90% had some interest in these products with at least a bit of an indirect link to cryptocurrency.

The challenge for the future adoption rate rests in people’s education. The data shows that people are ready to use cryptocurrency, but there is a need for more information about how it works.

The World’s Top Bitcoin Millionaires

Satoshi Nakamoto

The latest finding from people trading in crypto is that 10 of the world’s richest people have assets of more than 1 billion US dollars. Satoshi Nakamoto, who created bitcoin and owns about a million bitcoins (or $34.9 billion), is at the top of the list.

Satoshi Nakamoto is an alias for the person who created Bitcoin and wrote its white paper. The real identity of Satoshi Nakamoto is still unknown, but they are said to be the inventor of Bitcoin.

Nakamoto invented Bitcoin to solve the problem of global financial crises and to give people an opportunity to keep their money secure.

Nakamoto ought to create a currency that would be strong enough to not be affected by global economic problems. Bitcoin became popular, and people now use it all over the world.

Micree Zhan

The first price hit occurred in 2017 when one Bitcoin equaled the amount of 20,000 USD. The World’s Second-Richest Bitcoin owner is Micree Zhan, who co-founded Bitmain, a Chinese mining company led by Jihan Wu.

In October 2019, Zhan was removed from Bitmain. Zhan is trying to come back and get his job back as CEO. He has bought shares from other people in Bitmain. Zhan’s net worth is $3.2 billion, according to Forbes Magazine.

Chris Larsen

Chris Larsen made his fortune by creating a digital currency that can be used for transactions and opens up a new market that could change the way banking systems operate.

You know what digital currency we are referring to, right? XRP. He is the co-founder of Ripple and executive chairman of the company, which gave us the token that now lives on your Crypterium Wallet.

Changpeng Zhao

Changpeng Zhao is the creator and CEO of Binance. He started the company in 2017, and it has grown into an ecosystem that has launched its own token, called BNB. In addition to their centralized cryptocurrency exchange, Binance also offers a decentralized exchange called DEX.

As of October 2019, it is believed that CZ’s crypto wealth amounts to more than $2 billion. Binance’s cumulative profit has surpassed the $1 billion mark, as reported in October 2019.

Jihan Wu

Bitmain is a China-based cryptocurrency mining company started by Jihan Wu and Micree Zhan. Wu announced his resignation in January 2018, ostensibly to end the power struggle between him and Zhan.

Tyler and Cameron Winklevoss

One of the world’s most well-known Bitcoin investors is Cameron and Tyler Winklevoss, who famously sued Mark Zuckerberg, declaring that he stole their ConnectU concept for creating Facebook.

In 2017, they made a lot of money from the legal dispute with Facebook. They invested in Bitcoin. Now they own about 700,000 bitcoins. They became one of the first people who became millionaires from Bitcoin investments.

Xu Mingxing

Mingxing Xu is the pioneer of OKCoin.com, a worldwide BitCoin exchange platform. October last year, he was arrested for things related to his business, and he was released in November, but he didn’t tell anyone why. His net worth is $1,400,000,000.

Matthew Roszak

Matthew Roszak is the CEO and founder of Bloq, a technology company based in Chicago. He has been interested in blockchain since 2012. He started collecting bitcoins back then. His net worth is now at $1,200,000,000.

Li Lin

He is the founder of one of the three major exchanges in China and one of the world’s leading digital currency trading platforms. It is called Huobi, and it is a Seychelles-based platform.

Tim Draper

Tim Draper is the founder of two venture capital firms, and he’s credited as an early advocate for Bitcoin. When it cost $6 per coin to buy a single one, Tim bought 250 thousand dollars’ worth in hopes that its potential would be realized later down the line.

Companies That Hold the Most Bitcoin

Some companies are thinking about holding Bitcoin on their balance sheets. They do this because there is inflation or to make money.

Many companies are holding Bitcoin on their balance sheets. They have different reasons. Some want to hold an asset that is liquid but also earns interest. Others want to support Bitcoin and make the economy more equal for everyone. These are the biggest companies that own Bitcoin.

MicroStrategy

On the flip side, MicroStrategy’s CEO Michael Saylor has been a vocal proponent of Bitcoin. The business intelligence company even has an entire section of its website dedicated to digital currency.

In early 2020, MicroStrategy bought its first bitcoin. The company has been buying more of them, too. The company spent $250 million dollars on its first bitcoin.

The aim of the company’s purchase is to maximize long-term value for its shareholders.

“Bitcoin reflects our investment strategy, which seeks to offer growth for our shareholders with a focus on long-term value,” said Michael J. Saylor, CEO of MicroStrategy Incorporated. “We made this decision as the world adopts it more and more and believe there is potential in store for those who hold or invest in it.”

Tesla

Tesla made a formal announcement in December of 2020 that it would be investing in digital currency such as Bitcoin. That way, they could have more flexibility with their finances and remain diversified.

After it changed its policy, this company invested $1.5 billion in Bitcoin and said that it might continue to invest more into the digital asset or even hold onto it long-term. Elon Musk has also been vocal about his love of cryptocurrencies on Twitter.

The recent earnings report by Tesla revealed that the company had sold some of its Bitcoin. This might have helped to create a stir on social media. Some people said that the company only made money off Bitcoin by pumping it and then selling it later.

This is surprising, but Tesla is the company that has been holding onto the most Bitcoin. After selling 18,000 of its holdings in June 2018 to exchange half of those for $267 million worth of USD, it still has over 43,000 Bitcoin left.

Square

In October 2020, the company Square announced a $50 million investment in Bitcoin. This amounts to more than 4,700 Bitcoins at the time they made their purchase. They purchased them for an amount of about $10,600 per Bitcoin.

Since 2018, Square has been involved in the cryptocurrency market. When it began permitting users of CashApp to buy, sell and hold Bitcoin. Square’s founder Jack Dorsey is also a known bitcoiner – he made a move recently to create Square Crypto, which will contribute with open-source code for better protocol development.

Square took its commitment to Bitcoin one step further by becoming the founding member of a non-profit called Cryptocurrency Open Patent Alliance that seeks to create new innovations and maintain open access.

The company believes Bitcoin to be a tool that can help people. It is said that Bitcoin is good for the world.

Marathon Digital Holdings

Marathon Digital Holdings (MARA) is a company that mines Bitcoin. The site says they want to build the largest mining operation in North America at one of the lowest energy costs.

The company produces over 55 Bitcoin a day with 103,000 miners. The company has about 6.2% of the global hash rate in Bitcoin. It costs them nearly $5,000 to run their operation each day. The company also purchased $150 million in Bitcoin, which will help strengthen its long-term investment strategy.

Coinbase

This is one of the biggest crypto platforms in the world and the first to go public in the United States; it represents a new level of maturity for both cryptocurrencies as an asset class and its surrounding industry.

Coinbase made a public listing in April of this year. For its IPO, it showed a list of all the cryptocurrencies it holds, including Bitcoin. At 4,487 Bitcoin across several wallets, Coinbase ranks as the most popular crypto exchange in the United States – even though it ranks much lower than other companies on our list when considering total market capital.

The Coinbase website has many people who use it to trade. The trade volume is $335 million, and they have a lot of assets on the site. They have not said if they will buy more Bitcoin in the future.

Conclusion

Bitcoin may be the first and most popular cryptocurrency, but it isn’t the only one. Many early investors saw profitable opportunities in bitcoin and began accumulating or mining coins in the early days.

Still, these figures will always affect the way people and institutions invest in Bitcoin. That means that other businesses are more likely to let people use Bitcoin at their businesses, which would make Bitcoin even more popular. This makes the value of Bitcoin go up in the long run.