Who Owns the Most Bitcoin and Big Profits from the BTC All Time High?

Bittime - Bitcoin just hit its All Time High of $75,000. This BTC ATH certainly provides a lot of profit for its holders.

Bitcoin price movements are heavily influenced by economic conditions and global conditions. However, apart from that, BTC holders collectively also influence the crypto market to a greater or lesser extent.

The question arises who owns the most Bitcoin. You can find the answer in this article. Watch until the end!

Satoshi Nakamoto: Creator and Largest Holder of Bitcoin

Satoshi Nakamoto, the anonymous creator of Bitcoin, is the largest holder of this asset. With estimated holdings of around 968,452 BTC, Satoshi has accumulated nearly one million Bitcoins since the start of the project, a result of the first mined block reward. 

Even though it was worth billions of dollars and spread across 20,000, Satoshi never sold or moved the coins, leaving this asset intact and untouched since its creation. 

Satoshi's bitcoin stash is a significant portion of the total supply, but has never been spent. Satoshi left the project in 2010 and has not been heard from since.

Also read: This is what will happen after Bitcoin reaches ATH

Bitcoin Billionaires: Whales Who Dominate the Market

Apart from Satoshi Nakamoto, there are several names who are famous for holding large amounts of BTC. It is these BTC owners who often create market movements. Check out the following!

Tyler dan Cameron Winklevoss

After their 2008 settlement with Mark Zuckerberg for $65 million in Facebook shares and cash, the pair started an angel investment firm. 

A few years later, they announced they had purchased about $11 million in bitcoin at an average base fee of $10 per coin. It is estimated that the Winklevoss twins own ~70,000 BTC.

Tim Draper

This VC giant has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC on the Mt Gox exchange.

Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper bought 29,656 BTC for $18.7 million with a base fee of around $632 per coin.

Michael Saylor

Microstrategy's founder and chairman revealed in an October 2020 tweet that he personally holds 17,732 BTC. 

It's safe to assume Michael Saylor has acquired more since then - becoming a public Bitcoin Bull - but this is the only mention of his personal stash.

Public Companies with the Largest Bitcoin Holdings

MicroStrategy leads as the public company with the largest amount of Bitcoin, controlling approximately 252,220 BTC. 

Michael Saylor and his team used a unique strategy by raising funds from debt to buy Bitcoin, with the hope that Bitcoin's value would continue to increase compared to the inflationary US dollar. 

Other public companies such as Tesla also own large amounts of BTC, namely around 11,509 BTC, while Robinhood is recorded as controlling 144,657 BTC. This investment strategy reflects their belief that Bitcoin is a strong hedge asset.

Also read: Bitcoin Price Prediction According to Experts: Could Reach $97K per BTC

Private Companies with Large Bitcoin Holdings

In the private sector, there are several large companies that hold large amounts of Bitcoin. 

Block.one, a Chinese technology company, holds around 164,000 BTC, which makes it one of the largest Bitcoin holders in the world. 

Additionally, Tether Holdings LTD, the company behind the USDT stablecoin, reportedly holds 75,354 BTC as part of an asset diversification strategy.

Governments That Own the Most Bitcoin

Several governments are also known to hold large amounts of Bitcoin. The Chinese government holds around 190,000 BTC, most of which came from the Plustoken seizure. 

On the other hand, El Salvador became the first country to adopt Bitcoin as an official means of payment and now has 5,800 BTC in state reserves. 

This government decision shows that Bitcoin is increasingly being accepted on many levels as a valuable asset.

Conclusion

Bitcoin's limited total supply makes it an extremely valuable asset, especially since more than 4 million BTC are thought to be permanently lost. 

With a total limit of 21 million BTC, the holdings of big figures like Satoshi Nakamoto, billionaires, corporations, and even governments, play a significant role in determining Bitcoin's market value. 

Over time, these entities will continue to influence the price dynamics and stability of Bitcoin markets around the world.

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