Shining a Light on the Largest Bitcoin Wallets in 2023
In this investigation, we delve into the top ten bitcoin wallets as of September 2023, providing insight into their owners and activities.
- Binance holds the crown as the largest bitcoin wallet, with 248,597 BTC worth $6.4 billion.
- Bitfinex’s wallet, labeled “bc1qg,” comes in second with 178,010 BTC worth $4.58 billion.
- Robinhood’s cold wallet, “bc1ql,” holds 118,300 BTC worth slightly over $3 billion.
- Binance also controls the fourth-largest wallet, “39884,” with 115,177 BTC worth $2.9 billion.
- The fifth wallet, labeled “bc1qa,” is owned by the U.S. government and holds 94,643 BTC worth $2.4 billion.
The distribution of the largest bitcoin wallets reveals that Binance dominates with 41.34% of the BTC, followed by trading platforms like Bitfinex and Robinhood. The U.S. government controls a significant portion, and a small percentage remains unidentified.
Hot Take
This investigation sheds light on the major players in the Bitcoin storage landscape, highlighting the influence of exchanges and governmental bodies. The concentration of wealth in the hands of a few raises questions about the decentralization of cryptocurrencies.
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