Who Owns the Most Bitcoin? Meet the Crypto Whales Dominating the Market

Understanding who owns the most bitcoin becomes essential for investors to second-guess the direction of the market. Although bitcoin is praised for its decentralization nature

Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people known as Satoshi Nakamoto. Bitcoin is not controlled by any central bank or government, and its transactions are verified by a network of computers.

As of September 2024, the total circulating supply of bitcoin is 21,000,000, according to CoinGecko. Of this total supply, about 1,60% (335,777) is owned by public companies, while private companies own about 1.8% (396,278).

The identity of the largest bitcoin holder is a matter of speculation, but it is widely believed to be Satoshi Nakamoto. According to River Intelligence, an estimated 1.1 million BTC tokens, which are spread across nearly 20,000 different addresses, are linked to the pseudonymous creator.

Satoshi earned this stash of bitcoin as a reward for inventing the cryptocurrency and being the first miner to coin the blocks of transactions. Despite being a hailed key player, Satoshi left the project and has never been heard from since 2010.

After Satoshi, here are the top bitcoin addresses for September 2024, as taken from Techopedia.

1. 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo - 248,598

2. Bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97 - 180,010

3. Bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 - 140,625

4. 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6: 133,558

5. Bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt: 94,643

6. 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF - 79,957

7. Bc1q8yj0herd4r4yxszw3nkfvt53433thk0f5qst4g: 78,317

8. Bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4 - 75,354

9. Bc1qd4ysezhmypwty5dnw7c8nqy5h5nxg0xqsvaefd0qn5kq32vwnwqqgv4rzr: 73,000

10. 1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP - 72,928

11. Bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 - 69,370

12. 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb - 68,200

13. Bc1qcv8h9hp5w8c4qpze0a4tdxw6qjtvg8yps23k0g3aymxx7jlesv4q4t6f65 - 60, 229

14. 1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC: 53,880

15. 1AC4fMwgY8j9onSbXEWeH6Zan8QGMSdmtA - 51,830

It is important to note that the top bitcoin holders may change over time, as people buy, sell, or mine new bitcoins.

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