Who has the most Bitcoin?

Bitcoin will usher in a new round of "halving" next month (April 2024). "Halving" refers to the halving of the reward obtained after the production of a new block. It happens about every four years, depending on the block generation speed of the Bitcoin network. This will reduce the supply of Bitcoin, and it is expected that on April 23, 2024, the block reward will drop from 6.25 (BTC) to 3.125 (BTC).

Currently, Bitcoin is still the undisputed king of cryptocurrencies, with a market value of over $1.4 trillion.

The total supply of Bitcoins in circulation is limited, about 19.5 million, and the maximum supply is 21 million.

Crypto whales are individuals or organizations that own the most cryptocurrency. It is important to follow Bitcoin whales because:

- Tracking whales can help us infer price trends.

- Guessing what "whales" will do is a way to second-guess the direction of the market.

- They are crucial to Bitcoin's liquidity, which helps us determine how easy it is for people to buy and sell Bitcoin without significant price fluctuations.

-Top Bitcoin holders can deepen the market by placing large buy and sell orders, providing more trading options and reducing price volatility.

So who owns the most Bitcoin in 2024?

01 Public companies

The amount of Bitcoin held by public companies affects stock performance and, in turn, the cryptocurrency space more broadly. Here are the five public companies with the largest Bitcoin holdings:

① Micro Strategy tops the list, a business intelligence company that holds 189,150 BTC, or 0.901% of the total 21 million Bitcoins.

② Tesla Inc. ranks second, with the electric car company holding 10,725 BTC. Tesla's stock is greatly affected by Bitcoin price fluctuations.

③ Coinbase Global Inc. ranks third, a cryptocurrency exchange that holds 9,000 Bitcoins. The company's stock performance is closely tied to the health of the cryptocurrency market, with Bitcoin prices being the key driver!

④ Galaxy Digital Holdings ranks fourth, a digital asset and blockchain commercial bank that holds 8,100 Bitcoins.

⑤ Block Inc. ranks fifth, a financial services and mobile payment company, holding 8,027 BTC.

02 Private enterprise

The adoption of Bitcoin by private companies signals a strategic shift toward the digital asset. These investments are primarily driven by factors such as confidence in Bitcoin’s long-term value, its potential as a hedge against inflation, and the desire to be part of the booming digital economy.

① Mt. Gox is a major Bitcoin exchange that currently holds approximately 200,000 BTC, worth approximately $8.79 billion. This holding represents 0.952% of the total Bitcoin supply. Mt. Gox’s Bitcoin holdings are primarily due to historical operational activity and have been at the center of legal and financial discussions following its infamous hack and subsequent bankruptcy.

② Block.one is a software company focusing on high-performance blockchain technology. It holds 140,000 Bitcoins worth approximately US$6.16 billion, accounting for 0.667% of the total Bitcoin supply.

③ Tether Holdings Ltd. holds 55,000 BTC, worth approximately $2.42 billion, accounting for 0.262% of the total supply.

④ The Tezos Foundation holds 17,500 BTC, worth approximately $769.41 million, accounting for 0.083% of the total Bitcoin supply.

⑤ Stone Ridge Holdings Group is an asset management company specializing in alternative investments. It holds 10,000 Bitcoins worth approximately $439.67 million, accounting for 0.048% of the total Bitcoin supply. Their investment in Bitcoin is part of a primary strategy to diversify their portfolio.

03 Mining Company

They play an important role in the Bitcoin world in terms of network security and creating market influence through Bitcoin reserves.

The link between mining activity and reserve accumulation is a balancing act. On the one hand, mining companies must sell part of the mined Bitcoin to pay for operating costs, including electricity, hardware maintenance, and expansion. On the other hand, holding mined Bitcoins can be seen as a sign of belief in the future value of the cryptocurrency. This strategy not only affects the supply side of Bitcoin, but also reflects miners’ views on market trends.

Additionally, these assets play an important role in the security of the Bitcoin network. By reinvesting profits into expanding mining operations, these companies help maintain a high hash rate, which is critical to the security and operations of the network.

Here are the top mining companies holding the most Bitcoin in 2024:

① Marathon Digital Holdings, owns 15,174 Bitcoins.

② Hut 8 Company, owns 9,129 Bitcoins.

③ Riot Platform Company, owns 7,362 Bitcoins.

④ Clean Spark Company, owns 3,002 Bitcoins.

⑤ Hive Digital Technology, owns 1,707 Bitcoins.

04 Write at the end

Through large holdings and strategic investments, these institutions underscore Bitcoin’s growing integration with traditional financial methods. Going forward, the collective influence of these Bitcoin-holding entities will certainly push Bitcoin toward a more institutionalized and mainstream acceptance trajectory.

It heralds a future in which Bitcoin’s role will transcend that of a speculative asset and become an essential element of a diversified investment portfolio. Bitcoin’s institutional accumulation also heralds a future in which Bitcoin coexists with traditional frameworks, providing a wider range of investment opportunities and risk management strategies. #BTC #减半

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