Industry News
December 5, 2024

7 Biggest Whale Wallets – Who Owns the Most Crypto?

Crypto whales—those mysterious, ultra-wealthy investors—are often the driving force behind market fluctuations. While many are anonymous, some of the biggest wallets are now known, and they hold billions of dollars in digital assets. Curious who owns the most crypto? Let’s take a look at the 7 biggest whale wallets and who’s behind them.

1. Satoshi Nakamoto’s Genesis Wallet – 1 Million BTC (Estimated Value: $30 Billion)

Topping the list is the wallet that contains 1 million BTC, which is believed to belong to Satoshi Nakamoto, the pseudonymous creator of BTC. The wallet has remained dormant since the network was created in 2009. Although it’s unlikely that Satoshi will ever move the coins, this wallet remains the largest single BTC holding in existence.

2. Tesla’s BTC Wallet – 48,000 BTC (Estimated Value: $1.5 Billion)

As of 2023, Tesla holds 48,000 BTC in its corporate treasury. Tesla made headlines in early 2021 when it announced it had purchased $1.5 billion worth of BTC. Although the company temporarily suspended BTC payments for vehicle purchases, it has continued to hold its crypto reserves, positioning itself as one of the largest corporate BTC holders globally.

3. Michael Saylor’s MicroStrategy – 140,000 BTC (Estimated Value: $4.2 Billion)

MicroStrategy, the business intelligence firm led by Michael Saylor, has become one of the biggest corporate holders of BTC. Since 2020, MicroStrategy has accumulated over 140,000 BTC, making it a major player in the institutional adoption of BTC. Saylor has publicly advocated for BTC as a store of value and continues to buy more through his company’s treasury reserve strategy.

4. The Winklevoss Twins – Gemini Exchange Wallet – 100,000 BTC (Estimated Value: $3 Billion)

The Winklevoss twins, co-founders of the Gemini exchange, are one of the most high-profile BTC holders. They are estimated to own 100,000 BTC, making them among the largest individual holders of BTC. In addition to their personal holdings, Gemini has become a prominent platform for institutional BTC investment and custody services.

5. Greyscale BTC Trust – 600,000 BTC (Estimated Value: $18 Billion)

Grayscale Bitcoin Trust (GBTC) is an investment vehicle that allows institutional investors to gain exposure to BTC without directly buying the cryptocurrency. As of 2024, the trust holds approximately 600,000 BTC, making it one of the largest institutional holders of BTC globally.  

6. Block.one (EOS) – 140 Million EOS (Estimated Value: $500 Million)

Block.one, the company behind the EOS blockchain, has an enormous stash of its native token EOS. Block.one holds over 140 million EOS, which were originally allocated during its year-long ICO in 2017. While EOS’s value has fluctuated, Block.one’s holdings still represent one of the largest single concentrations of a blockchain-based asset in the world.

7. Tim Draper – 30,000 BTC (Estimated Value: $900 Million)

Tim Draper, the well-known venture capitalist, is another major individual crypto whale. He famously bought 30,000 BTC at an auction conducted by the U.S. Marshals Service in 2014. Draper has been an outspoken supporter of BTC and blockchain technology, and his BTC holdings have grown significantly in value over the years.

Conclusion:

These whale wallets are some of the largest and most influential in the crypto world and are a testament to the growing institutional and individual interest in cryptocurrencies. From BTC to ETH, these massive holders have the power to shape the future of crypto and will likely continue to play a dominant role in its evolution.

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