Bitcoin just hit $104,000 but who owns the most Bitcoin?
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.
How Many Bitcoin Does Satoshi Have?
As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $113 billion in December 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.
Individual Bitcoin Whales
Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.
Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.
Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.
Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull
Microstrategy 386,700
Blackrock 610,430
Grayscale 215,941
Now let's discuss something interesting about:
GMT and GMT DAO: The Journey of Innovation and Community Empowerment
GMT, a previous Binance Launchpad project, stands as the heartbeat of its expansive ecosystem. It has evolved into a pivotal token within platforms such as STEPN, STEPN GO, MOOAR, and DOOAR, enhancing user experiences across diverse blockchain applications. This article dives deep into GMT's recent developments, including the groundbreaking 600M GMT Buyback and BURNGMT Initiative, and explores the impact this move could have on the token's ecosystem.
GMT DAO and Ecosystem Overview
GMT DAO serves as the backbone of the GMT ecosystem, managing an ecosystem fund that fuels the development of various innovative products, including:
STEPN: A fitness app boasting over 6 million active users.
STEPN GO: A gamified fitness extension.
MOOAR: A leading NFT trading platform.
DOOAR: A cross-chain DEX for seamless asset trading.
Partnerships with global brands like Casio, ASICS, and Adidas further solidify GMT's position as a market leader. These collaborations reflect GMT's vision of merging blockchain with real-world applications, offering unique experiences for users globally.
The 600M GMT Buyback and BURNGMT Initiative
One of the most significant moves in GMT’s history is the recent buyback of 600 million unlocked GMT tokens. Valued at $100 million, these tokens include early allocations for advisors, teams, and investors that had not been unlocked. Here’s why this initiative is monumental:
1. Demonstration of Confidence: The buyback underscores the GMT team’s unwavering faith in their ecosystem's growth and sustainability.
2. Strengthened Tokenomics: Burning these tokens would reduce the total supply significantly, enhancing scarcity and potentially boosting value.
3. Community Empowerment: The decision to burn these tokens lies with the community through the BURNGMT voting initiative.
BURNGMT Voting Initiative: How It Works
The BURNGMT initiative allows GMT holders to participate in a 60-day locked voting event from November 21, 2024, to January 20, 2025. Here’s a breakdown of the mechanism:
Voting Process: Participants lock their GMT tokens to cast votes on whether the 600 million repurchased tokens should be burned.
Reward Pool: To incentivize participation, a 100M GMT reward pool is distributed among voters based on their locked GMT amount.
Community Impact: By participating, you not only influence GMT's future but also share in the benefits of a more robust tokenomics model.
Why Participate in the BURNGMT Initiative?
1. Empower the Ecosystem: Burning 600 million tokens removes a significant portion of supply, reducing inflationary pressures.
2. Be Part of History: This initiative showcases blockchain's unique ability to engage communities in meaningful decision-making.
3. Earn Rewards: Sharing in the 100M GMT reward pool ensures tangible benefits for your participation.
GMT Tokenomics and Burn Impact
The potential burning of 600M GMT tokens would significantly reshape the token's distribution:
Reduced Supply: Eliminating these tokens from circulation enhances scarcity, benefiting long-term holders.
Strengthened Value: Lower supply with sustained or increasing demand could drive up the token's market value.
Ecosystem Growth: Reallocating these tokens to the DAO ensures continued funding for product development and partnerships.
How to Participate in the BURNGMT Initiative
Here’s a step-by-step guide to joining this transformative event:
1. Prepare Your GMT: Acquire and hold GMT tokens in your wallet.
2. Lock Tokens for Voting: Participate through the official GMT voting platform during the voting period (Nov 21, 2024 – Jan 20, 2025).
3. Cast Your Vote: Decide whether the tokens should be burned or retained.
4. Claim Rewards: After the event concludes, claim your share of the 100M GMT reward pool based on your voting participation.
GMT Ecosystem Products and Partnered Brands
GMT isn’t just a token; it’s an enabler of cutting-edge blockchain innovations:
STEPN and STEPN GO: Revolutionizing fitness through gamification and rewards.
MOOAR: Driving NFT adoption with seamless trading experiences.
DOOAR: Simplifying cross-chain transactions for Web3 users.
Collaborations with Casio, ASICS, and Adidas amplify GMT’s visibility and utility, bridging blockchain with mainstream industries.
The 600M GMT Buyback and BURNGMT Initiative exemplifies the GMT team’s commitment to innovation, community involvement, and sustainable growth. By burning these tokens, the ecosystem could witness enhanced tokenomics, strengthened market confidence, and accelerated product development.
Don’t miss your chance to participate in this historic event. Join the BURNGMT initiative, shape the future of GMT, and share in the rewards.
What are your thoughts on the BURNGMT initiative? Let’s discuss in the comments below
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