This Bitcoin Address Has Stashed 116,601 BTC Worth $5 Billion (2024)

FAQs

Who owns 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo? ›

Binance owns the largest cold storage wallet address, 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, which holds 248,597 BTC.

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024.

That is because Uncle Sam's stash of some 200,000 bitcoin was seized from cybercriminals and darknet markets. It is primarily offline in encrypted, password-protected storage devices known as hardware wallets that are controlled by the Justice Department, the Internal Revenue Service or another agency.

Summary: As of 2024, there are about 420 million cryptocurrency users globally. Of these, approximately 1.5 million individuals possess more than 1 Bitcoin, which is just 0.36% of all cryptocurrency users.

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

Known Bitcoin reserves held by governments account for 2.7% of the total 21 million supply of bitcoins, with the largest being the US Government with over 210,000 bitcoins worth more than $13bn at the time of writing.

How Long Does It Take to Mine 1 Bitcoin? The reward for mining is 3.125 bitcoins. It takes the network about 10 minutes to mine one block, so it takes about 10 minutes to mine 3.125 bitcoins.

Are There Any Bitcoin Billioniares? There are 16 cryptocurrency billionaires in Forbes' ranking of billionaires. Sam Bankman-Fried is still on the list, but Forbes lists the ex-CEO of FTX with no wealth. 16 There are likely many more billionaires who own crypto, but most do not publicize their holdings.

From years of various seizures and confiscations, the U.S. government has become one of the world's largest holders of Bitcoin, with its 200k bitcoin worth more than $5 billion.

Can the U.S. government seize your Bitcoin? ›

Statutes that Authorize Judicial Forfeiture of Cryptocurrencies. If the government believes that your property represents the proceeds traceable to criminal activity, then it might be seized and subject to forfeiture proceedings pursuant to 18 U.S.C.

Investment firms like Grayscale, BlackRock and Fidelity, are pouring billions of dollars into buying the volatile digital asset. In the last few weeks, these powerful institutions have become so called 'Bitcoin whales'. Because of Bitcoin's system there will only ever be 21 million bitcoins.

While this is a lower-bound scenario, we can use it as a baseline to show what it takes for investors to become Bitcoin millionaires. Assuming an annualized return of 30%, one would need to invest roughly $85,500 annually for five years to hit millionaire status. Over 10 years, this number falls to around $18,250.

A reasonable assumption that Bitcoin could hypothetically reach the null state of it's value is worth the thought. Even-though such an event is very less likely to take place, there are some factors that could theoretically lead to Bitcoin price crashing to zero.

Most financial experts recommend limiting crypto exposure to less than 5% of your total portfolio. Crypto is considered a high-risk asset class. Limiting allocation helps manage overall volatility and risk. Those new to crypto investing may start with 1% to 2% as an introduction.

Who is the founder of Xanpool? Jeffery Liu is the founder of Xanpool.

The Winklevoss Twins

The twins acquired 1% of all Bitcoin in the world with that money, which at the time was worth $10 a piece, and became the first Bitcoin billionaires in 2017. They are believed to own around 70,000 Bitcoin.

Bitso began as a global cryptocurrency exchange founded in Mexico. It was founded in 2014 by Ben Peters, Pablo Gonzalez and Daniel Vogel. Daniel Vogel is the current chief executive officer.

How Much Bitcoin Does BlackRock Own? The Blackrock's iShares Bitcoin Trust (IBIT) currently holds 344,070.4 BTC as of August 2, 2024.