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A person who bought Bitcoin at the start of this year may have seen a growth of at least 152.1% in its value. It’s impressive, isn’t it? Recently, Bitcoin achieved a crucial milestone of $100K. Currently, the market shows an extremely bullish outlook. Reports indicate that long-term investors are highly enthusiastic about the achievements the asset has made in the recent past.
It’s time to shoot that vital question: who are the top ten holders of Bitcoin this year? Curious to know their names. Read on! Some of the names may leave you surprised, that’s for sure!
$BTC Holdings: A General Overview
With an overall holding of 1,305,587 $BTC (that is, at least 6.21% of the total $BTC supply), ETFs remain the category that holds the highest number of $BTC. Public companies, with 529,558 $BTC, and Countries, with 575,911 $BTC, follow. Interestingly, Private companies have over 366,738 $BTC, and DeFi have at least 155,936 $BTC. Additionally, $BTC Mining Companies own over 84,008 $BTC.
Top Ten $BTC Holders in 2024
Here are the top ten holders of 2024:
US Spot ETFs
There are at least 12 spot Bitcoin ETFs in the US. Collectively, these funds hold at least 1,104,534 $BTC.
Satoshi Nakamoto
Though the US Spot ETFs surpassed Nakamoto in terms of $BTC holdings, the founder of Bitcoin still remains a strong holder in the second position, with 1,100,000 $BTC.
Binance
Popular crypto exchange Binance remains in the third position. It has over 633,000 $BTC. Interestingly, it is not the only exchange in the top ten list.
MicroStrategy
As said before, public companies hold more than 575,911 $BTC. The holdings of MicroStrategy account for at least 76.23% of the total holdings of public companies, around 439,002 $BTC, valued at $46,733,453,057. This allows the company to stand strong in the fourth position in the list of top holders.
US Government
As mentioned earlier, countries own over 529,558 $BTC. The US government, with a holdings of 207,189 $BTC, makes up at least 39.12% of the total holdings of countries.
Chinese Government
The Chinese government, giving a tough competition to the US, remains at the sixth position. With a holding of 194,000 $BTC, China makes at least 36.63% of the total $BTC holdings of countries.
Bitfinex
It is another crypto exchange on the list. It has over 184,027 $BTC.
Kraken
It is the third major exchange on the list of the top ten $BTC holders. It holds approximately 158,959 $BTC.
Block One
As noted earlier, private companies hold more than 366,738 $BTC – at least 1.746% of the 21 million $BTC tokens. With 140,000 $BTC holdings, Block One makes up nearly 38.17% of the total $BTC holdings of private companies.
Robinhood
In the tenth position, it is again an exchange – Robinhood. It holds as many as 142,361 $BTC.
In conclusion, Bitcoin’s rise in 2024 has not only increased its value but also highlighted the key entities holding large amounts of $BTC. From ETFs to governments and exchanges, Bitcoin’s distribution reflects its growing adoption and stability.