This article was last updated on July 29, 2020.
Who Owns The Most Bitcoin?
It’s hard to know for sure as bitcoins can be spread across a number of different wallets,bitcoins are visible in something called public address although these public addresses are anonymous it is plausible information about the contents and hypotheses a potential owner.However if you like bitcoin billionaire you’re likely to have several wallets each of which may have several public addresses this makes very difficult to trace bitcoin assets as individuals, companies or organisations using the data recorded on public blockchain.
-The single public address with the most bitcoin belongs to Huobi exchange 250,000 Bitcoins equivalent to more than $2 billion dollars, however this is the exchange and not the individual so doesn’t necessarily proves who owns the most of bitcoin.
-Chinese Bitcoin mining farms are big players in the cryptocurrency market ,It is widely believed that 65 percent of bitcoin hash-rate originates from China and is under the control of these Chinese Bitcoin farms.
-Some people speculate that Bulgarian authorities own the most bitcoins because they confiscated nearly 200,000 Bitcoins from an organised criminal gang consisting mainly of Bulgarian citizens with a total value of $2 Billion dollars however the government vehemently denies it but there is no record bitcoins were ever used.Until proves otherwise Bulgaria still holds these Bitcoins.
-The Federal Bureau of Investigation (FBI) might own as much as 1.5% of all the Bitcoin in the market. As is the case is the Chinese mining farms, the FBI is rumored to have similar mining operations.In the same time FBI confiscated hundreds of thousands bitcoins confiscated from criminal activities. These assets are constantly sold for hard currency that is why is hard to estimate how much boitcoin they own for real.
-Japanese Investors, It has been estimated that Japanese currency of Yen was used to purchase 42% of all the Bitcoins traded in the year 2016.
Top 100 Richest Bitcoin Addresses
A few individual investors own large holdings of the Bitcoin cryptocurrency in their portfolio.In all likelihood contenders for owning of the most bitcoins are:
1) Satoshi Nakamoto
as the name remains shrouded in mystery, he was active in the development of bitcoin up until December 2010 and his name is used for the person who developed bitcoin and authored the bitcoin whitepaper. No one until now has successfully confirmed identity of the shadowy figure, there is no proof he’s the person or the group of the people. Satoshi is a billionaire he should own 1.1 Million BTC. In mid 2020 prices, Satoshi’s net worth is around 8.8 billion dollars. At its all time high on December 18 2017, when 1 BTC peaked at 19,498.63 USD, Satoshi’s bitcoin was worth around 20 billion dollars. This made Satoshi the 56th richest person in the world.Today it is estimated that Satoshi Nakamoto may possess 1 million bitcoins, equivalent to 100,000,000,000,000 satoshis, please note that the numbers are just an estimate, and vary constantly based on the price of the Bitcoin in the markets.Some of the earliest mined Bitcoin just moved for the first time in 11 years. A Bitcoin (BTC) address containing coins mined in February 2009, Was it Satoshi Nakamoto who moved his Coins for the First Time in 11 Years?
2) Roger Keith Ver
(born January 27, 1979) is an early investor in bitcoin, one of the most notable investors, Roger Ver, is speculated to own about 300,000 bitcoins. Ver began investing in bitcoin in early 2011.The first investment he made was for Charlie Shrem’s Bitinstant. He invested over a million dollars into new bitcoin related startups including Ripple, Blockchain.info, Bitpay and Kraken. In 2012, Ver was organizing bitcoin meetups in Sunnyvale.He is one of five founders of the Bitcoin Foundation. Ver wants bitcoin to rival major fiat currencies.He is one of the main proponents of a larger block size. He supported the development of Bitcoin XT as a hard fork method towards an increase. Ver and his high school friend Jesse Powell attempted to re-establish the Mt Gox exchange during the June 2011 bitcoin price crash.He has been known as “Bitcoin Jesus” for his promotion of bitcoin.Today, 300,000 bitcoins are worth $2.7 billion USD. Now He is co-creator and main promoter of Bitcoin Cash.
3) Micree Zhan
(born 29 January 1979) is a Chinese electronics engineer and businessman. He is the co-founder and co-CEO (with Wu Jihan) of Bitmain, the world’s largest computer chip company for bitcoin cryptocurrency mining.In 2019, Bloomberg ranked Zhan as the world’s 9th richest self-made billionaire aged 40 or younger, with a net worth of US$5.2 billion.The company has recently been the subject of a dispute between Zhan and fellow co-founder Jihan Wu, which saw Zhan hiring a squad of armed guards to forcefully seize control of the company after being ousted last October.As of 7/26/20 Micree Zhan’s net worth is estimated at $3.2 billion USD.
4) Winklevoss twins (Cameron and Tyler)
are undoubtedly one of the richest bitcoin crypto billionaires.They’re venture capitalists and entrepreneurs. In 2008, they rowed for the US at the Beijing Olympics, finishing sixth.They were at Harvard with Mark Zuckerberg, who they later sued, claiming he stole their idea for a website that they called Harvard Connection, but which he called the Facebook.In February of the same year, Facebook reached a settlement of $65 million ($ 20 million in cash and over 1.2 million Facebook shares). However, the brothers continued the case, arguing that the company did not disclose its actual valuation.In early June, a ConnectU attorney claimed to have incriminating evidence against Facebook but did not submit it. Judge Woodlock dismissed the allegations, saying it was a “buyer’s remorse” case.In late June 2008, the judge for the Federal District Court in San Jose, California, again rejected the twins’ allegations, which did not discourage them to continue the litigation.In January 2011, Judge Alex Kozinski of the U.S. Court of Appeals for the Ninth Circuit closed the case, claiming that the twins were seeking “to gain through litigation what they were unable to achieve in the marketplace.Brothers took a large sum of $65 Million dollars from Zuckerberg and invested in crypto when bitcoin only cost $120 dollars a piece.
On January 23, 2014, the twins announced the launch of Gemini, a cryptocurrency exchange.In 2014, the twins launched Winkdex, a financial index that tracks the price of Bitcoin.The Winkdex uses data from seven exchanges and weights the prices on the volume of trading on each exchange.In March
2014, it was announced that the twins had purchased seats on Richard Branson’s Virgin Galactic shuttle using the profits they had made from Bitcoin.
They have Bitcoin holdings worth more than $1 billion.In 2020, the brothers’ net worth was estimated at $1.45 billion USD.
5) Barry Silbert
Silbert founded SecondMarket in 2004, where he created the Bitcoin Investment Trust, wholly devoted to bitcoin and the first investment vehicle of its kind in the US. The fund received a $2 million investment from SecondMarket. Grayscale Investments, a subsidiary of DCG manages the fund. Silbert stepped down as CEO of SecondMarket in 2013 to focus his energies on the digital currency industry. He launched DCG in 2015 shortly after selling SecondMarket to NASDAQ. He was fascinated by the idea of investing in digital currency. After some time he also made investments in young Ethereum coin at that time and watched the price of coin go up to 90 % of its initial price. According to some reports at that time, he had invested most of his net worth in cryptocurrency.Later he went on to found Digital Currency Group which made his net-worth a $500 million dollars.The company’s mission is to accelerate the development of the global financial system, and it accomplishes this mission by building and supporting Bitcoin and blockchain companies. In a recent transaction, Digital Currency Group acquired CoinDesk, a leading source of Bitcoin news, which runs the annual Bitcoin industry conference. The firm has invested in more than 100 Bitcoin-related companies and is the world’s leading firm for investing in Bitcoin-related companies, landing Barry Silbert the enviable nickname “The King of Crypto.”
6) Changpeng Zhao aka CZ
is the CEO of the cryptocurrency exchange Binance, which is on a remarkable height. Zhao has previously served as the member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin. Binance, under the leadership of CZ, became the largest exchange of its type on the planet in under only 180 days.Currently he is estimated to have a net worth of $2.6 billion.In 2013, Zhao was playing poker with BTCC Bitcoin exchange founder Bobby Lee in Shanghai, China. Lee told him to put 10% of his net worth into Bitcoin. Shortly after, Zhao sold his house for $1 million and put it all into Bitcoin, when it was just $600 a coin. This would have been roughly 1,667 Bitcoin, worth $16 million today.According to his last year statement he didn’t touch it.But in the same time it is well known that Zhao hold 100% of his assets in cryptocurrency. He holds mostly Bitcoin and Binance Coin (BNB), the native asset of the Binance exchange, which he owns and operates.According to the amount of his net worth, we can assume that he multiplied several times his bitcoin holding since 2013 which makes him probably bitcoin billionaire today.
7) Brian Armstrong
37-year-old Brian Armstrong is currently the youngest known cryptocurrency billionaire. He first made his entry into the world of cryptocurrency back in 2012, after co-founding the San Francisco-based cryptocurrency exchange Coinbase.The exchange is currently valued at up to $10 billion, making it one of the most successful crypto companies to date. Armstrong currently occupies position #1990 on Forbes Billionaires 2020 list, with an estimated net worth of $1 billion as of 7/28/20.
8) Jihan Wu
(born 1986) is a Chinese billionaire cryptocurrency entrepreneur. Together with Micree Zhan, he co-founded Bitmain in 2013, which has become the world’s largest computer chip company for bitcoin mining, with US$2.5 billion in revenue in 2017. He is a leading supporter of Bitcoin Cash, a hard fork of bitcoin created in 2017 with increased transaction capacity. He topped Forbes’ 2020 World’s Billionaires List as one of the five youngest billionaires in Asia,with an estimated net worth of $1.8 billion as of 7/29/20.
9) Tim Draper
is venture capitalist who bought nearly 30,000 bitcoins in a 2014 U.S. Marshals Service auction. Draper confirmed to CNBC in 2017 he is still holding all those coins.If he still hold them all ,the bitcoins are estimated to be valued around $276 million today.
10) Chamath Palihapitiya
a former Facebook executive and one of the owners of the Golden State Warriors, owned the equivalent of $5 million in bitcoin in October 2013, according to TechCrunch. One bitcoin was worth about $200 then, according to CoinDesk, meaning Palihapitiya had roughly 25,000 bitcoins. That’s worth about $230 million at today’s prices.
11) Michael Novogratz
This former billionaire left his job as a hedge-fund manager in Fortress investment Group in 2015 to focus on cryptocurrency. Before joining Fortress, he was partner at Goldman Sachs in around 1989. Currently, he is the CEO of Galaxy Investment partners, a cryptocurrency investment firm. He revealed in 2017 that 20% of his net worth was in bitcoin and Ethereum. Michael Novogratz is estimated to have made over $250 million from cryptocurrency.
12) Dan Morehead
is the founder of one of the world’s first investment firms focused on cryptocurrencies, Pantera Capital. Pantera launched its first crypto fund in 2013, and by late 2018, it became one of the largest institutional owners of cryptocurrencies.Pantera has invested in various exchanges and investment firms such as Polychain Capital, Bitstamp, and even coin trading services such as Augur. The investors received more than 10,000% returns in 2018.Morehead was a former Goldman Sachs Trader and was also the head of macro trading and CFO at Tiger Management. He is also on the board of Bitstamp, a crypto trading exchange used by CME as input for spot prices.He tweeted on 6th May 2020 saying, “#bitcoin could hit $115,212 in Aug 2021 based on the change in the stock-to-flow ratio across each halving.” Dan Morehead has a net worth of $200 million.
13) Jack Dorsey
Twitter CEO and Bitcoin evangelist, Jack Dorsey, has been enamored with Bitcoin for many years—even going as far as to facilitate Bitcoin’s purchase into his payments company, Square, in 2018. Since then, Dorsey has suggested Bitcoin could become the currency of the internet, and even dubbed its whitepaper “poetry.”Jack Dorsey said that he is still buying $10,000 worth of Bitcoin a week. He stated that he is still maxing out his Bitcoin buys on Cash App—a subsidiary of Dorsey’s own payments provider Square—which has a $10,000 weekly limit.At today’s prices, that’s 1.14 Bitcoin a week. However, Dorsey’s estimated net worth is $4.7 billion but he remains tight-lipped about his Bitcoin bounty—noting in a reply on Twitter that he simply has “enough.”
14) Li Xiaolai
Li Xiaolai is one of the first figures from China who has been open about investing in Bitcoin. Li was an early proponent of Bitcoin and blockchain. He started several funds, launched a cryptocurrency exchange and invested in numerous blockchain projects. Li started investing and mining Bitcoin in 2011. He had 100,000 bitcoins by 2014. He was the first individual in China to publicly collect bitcoins.This Chinese cryptocurrency billionaire has founded the Bitfund in 2013 and has attacked many cryptocurrencies and influential figures in the ecosystem by making his secret recordings public. Li also established Yunbi, a cryptocurrency exchange based in china.in 2016, he founded INBlockchain, a venture capital firm focused on blockchain assets. He was also the early investor in EOS, Block.one , Bitshares and Steemit. Upon starting Yunbi, Li’s bank account was frozen and he was forced to sell his bitcoins in the bear market so as to ensure adequate monetary reserves for the exchange. But still he is estimated to have a net worth of $1.2 billion.
15) Anthony Di Iorio
This 43-year-old investor, co-founder of Ethereum, became completely convinced in early 2012 that Bitcoin would play a crucial role in the financial markets. As a result, he invested large portions of his savings in Bitcoin related enterprises. He is at present running Decentral, an innovation hub for decentralized and blockchain technologies located in Toronto. previously, he launched Kryptokit, a secure bitcoin wallet browser extension, founded the Toronto bitcoin meetup and directed the Bitcoin Alliance of Canada. He also served as Chief Digital Officer of the Toronto Stock Exchange and launched the second Bitcoin ATM(BTM) in the world, and the first BitAccess machine , in Toronto.
Anthony Di Iorio has managed currently worth an estimated $246 million to $352 million in crypto assets alone.
16) Charlie Shrem
comes next with Bitcoin holdings of USD 45 million. is one of the youngest of our richest Bitcoin owners list. He purchased many Bitcoins when it was trading only at $3- 4 dollars. He then bought another batch of hundreds of BTC when it was trading at $20. At the age of 22, Shrem founded BitInstant while being an active member of the Bitcoin Foundation.By the end of December 2014, Shrem had been found guilty of money laundering and received a two-year prison sentence. After his release from federal custody, he unveiled a startup called Intellisys Capital, a company that sells investment portfolios in blockchain companies.
17) Dave Carlson
is among the few millionaires that have made their wealth just by mining Bitcoin. Dave Carlson who is said to have Bitcoin worth USD 35 million,He bought all his hardware and started mining intensely. After that, he founded MegaBigPower, which allowed him to mine and reap rewards on a much bigger scale.In 2016, Carlson was said to have made about $8 million per month from his mining warehouse, which is over 2,000 square feet.
18) Gavin Andresen
He is the man behind the present prevailing Bitcoin. Gavin has postulated that Bitcoin will require less maintenance with the passing time. Bitcoin’s value will continually rise, even if he works less. The developer has already cashed out multiple times- he was once gifted over 200000 by the bitcoin foundation for his contributions. Obviously, he accepted that payment in Bitcoin.
He maintains the source code of Bitcoin till now and was also chosen as Nakamoto’s “successor” of sorts in 2010. He also claims to be close to Satoshi Nakamoto for many years.At the present time It is unknown how many bitcoins he still owns.
19) Adam Back
He is a British cryptographer and crypto-hacker who has invented Hashcash, the proof-of-work system that is used by several anti-spam systems. A similar system is used in bitcoin. Today he is the CEO of Blockstream, a company that seeks to further the development of bitcoin and blockchain technology.Did you know: Blockstream raised a round of seed funding for $21 million in 2014. In their 2015 Series A funding round, Blockstream raised an additional $55 million led by Hong Kong billionaire Li-ka Shing.
20) Vitalik Buterin
His cryptocurrency holdings represent the largest chunk of his wealth, worth $82 million USD at today’s prices. Vitalik Buterin is one of the most influential people in crypto. He has amassed substantial wealth thanks to his role in creating Ethereum. His main source of wealth is the hundreds of thousands of Ethereum tokens he was able to hold on to from the cryptocurrency’s pre-mine. This gave the foundation and its founders a little under 12 million ETH, which now represents about 11% of the circulating supply.Though Buterin hasn’t publicly revealed his financial position, his wallet addresses and public statements are enough to get a decent estimate. He also said in February of last year that he held Bitcoin, Bitcoin Cash, Zcash, and Doge coin worth over “10% the value of his ETH. Adjusting his Ethereum holdings back to February 2019 levels, his holdings would amount to roughly 2,000 BTC, 58,000 BCH, 140,000 ZEC, and 3.6 million DOGE. Assuming he held all his bitcoins, they worth $18 Million USD at current prices.
21) Tony Gallippi
As he has become one of the first entrepreneurs to launch a payment processor for Bitcoin, and BitPay has become one of the most popular companies of this kind, Tony Gallippi’s net worth is over $20 million, making him one of the richest people in the crypto industry.While Tony has not disclosed the exact value of his Bitcoin investments, estimates have put it around $7 million.
22) Curtis Jackson III aka 50 Cent
(born july 6, 1975) is an American rapper, producer, actor and entrepreneur. As of 2020, 50 Cent’s net worth is estimated at $30 million.
Rapper 50 Cent, also known as Curtis Jackson III, has reportedly amassed a small fortune in cryptocurrency. Jackson racked up about 700 bitcoins after agreeing to accept digital currency as an alternative form of payment for his 2014 album “Animal Ambition,” according to TMZ. At the time, a single bitcoin was worth only $662, and the rapper’s fans could pick up the album for a fraction of that. In total, he pulled in over $400,000. Since then, the value of bitcoin has soared.After sitting untouched in his account for years, 50 Cent’s stake is now worth $6.5 million USD, based on the current fluctuating bitcoin valuation.
23) Blythe Masters
(born march 22,1969) is a former Managing Director at J.P. Morgan Chase & Co. (NYSE: JPM). Currently, she is the CEO of Digital Asset Holdings (DAH). The company builds encryption-based processing tools that improve the efficiency, security, compliance, and settlement speed of securities trading, specifically Bitcoin. In May of 2018, DAH entered into what appears to be a lucrative partnership with Google Cloud, bringing her company’s tools to developers so they will not have to code them from scratch.Digital Asset Holdings seeks to apply the blockchain technology to the typical activities of Wall Street. The company has raised over $150 million in funding and, interestingly, its first client is J.P. Morgan Chase, which has tested its own blockchain technology as a possible way to settle transactions more quickly. Many people think Masters gave bitcoin a lot of legitimacy with Digital Asset Holdings, considering her past, illustrious reputation on Wall Street, where she rose to Managing Director of J.P. Morgan Chase at the age of 28. As of October 2018, her company operates six offices on three continents.Her estimated net worth in 2020 is $6 million USD.
None of the individuals above have publicly stated how many bitcoins they own.It’s possible they have already cashed in, or bought more of the digital currency since.
About 40% percent of the Bitcoin in the markets are owned by the top 1000 Bitcoin addresses. It is interesting to note that, in America, only 800 people have filed the gains from Bitcoin in their taxes. It means that many private investors choose to remain anonymous.
The popular belief amongst the cryptocurrency community is that by the year 2027 there will be as much as 17 million Bitcoin in circulation. As the world’s first cryptocurrency’s value increases, many investors will sell their holdings. Only time will reveal who the biggest players in the Bitcoin game are.