The Billionaires of Bitcoin

Bitcoin’s finite supply is monopolized by billionaire’s

As of 2023, there are 19 individuals in world that have achieved the title of a billionaire through cryptocurrency. One cryptocurrency in particular that has led to investors amassing impressive returns is Bitcoin. However, the most Bitcoin owned is distributed between just four wallets which holds a collective 663,306 Bitcoins.

In this line, BanklessTimes.com has investigated and revealed Bitcoin’s biggest investors.

Both high net worth individuals and public traded companies top the list

Satoshi Nakamoto, the pseudonym for the creator of Bitcoin, is widely assumed to have the most Bitcoin wealth. Though the creator has not officially revealed the amount of Bitcoin he holds, estimates predict he has a wallet containing around 1.1 million BTC. This would convert to a staggering $25 billion at the time of writing. Following Nakamoto, is the founder and CEO of Binance, with a total of $65 billion. Prior to Sam Bankman-Fried’s scandal, he took third position with a total $24 billion.

Aside from individuals, there are large corporations that have accumulated great volumes of Bitcoin. In fact a total of 23 publicly traded companies have sizeable investments in BTC. The company with the largest investment in BTC among these is MicroStrategy Inc. with an astonishing 129,699 BTC, equating to $3,975M.

Another high profile example of company ownership of BTC is Tesla, which in 2021, purchased $1.5 billion worth of Bitcoin. The automotive and clean energy company also began to accept BTC as a form of payment which would’ve increased their total value invested even higher. However the company later went onto to offload the majority of it’s bitcoin holdings in 2022.

BTC has taken the US by storm

When looking at the landscape of BTC investing across countries, the United States takes the lead, with 46 million holders. This is significantly more than India in second place with 27 million holders and Pakistan with 26 million.