1. Binance cold wallet holdings: 248,598 BTC Value: $16.4 billion
The largest Bitcoin holder is a wallet controlled by the Binance cryptocurrency exchange. Binance is the world’s largest cryptocurrency exchange by trading volume and number of users, so it’s no surprise that it has the world’s largest Bitcoin wallet. At the time of writing, the wallet holds 248,598 BTC, which is over 1.2% of all Bitcoin in circulation. It has been active since October 2018. As a cold wallet, the wallet is used to store Binance customers’ Bitcoin for the long term. The wallet rarely makes outgoing transactions—at the time of writing, the last Bitcoin transaction from the wallet was about 8 months ago. However, when the wallet does send Bitcoin, the amounts are quite substantial, with one as much as 21,600 BTC.
2. Bitfinex Cold Wallet
Holdings: 180,010 BTC
Value: $11.9 billion
The second-largest Bitcoin holder is another cold wallet, this time belonging to the Bitfinex cryptocurrency exchange. Founded in 2012, Bitfinex remains a mainstay in the cryptocurrency exchange industry despite often being the subject of controversy, such as the 2016 hack and criticism of Bitfinex’s USDT stablecoin.
This wallet is in a similar situation to the number one cold wallet on our list, Binance. It rarely sends any Bitcoin, and when it does, the transaction amounts are large. Occasionally, the wallet receives large transfers — for example, it received a massive 50,000 BTC transaction in February 2020.
3. Binance Cold Wallet #2
Holdings: 142,776 BTC
Value: $9.4 billion
Binance’s second-largest Bitcoin cold wallet dates back to November 2018. Over the years, the wallet has received several large deposits, as well as considerable withdrawals. As of this writing, the address holds over 142,000 BTC. However, the total volume of transactions using this wallet is 4,539,816 BTC, which is about a quarter of all Bitcoin in circulation.
It is worth noting that the amount of BTC stored in the wallet has increased dramatically over the past six months, jumping from 73,047 BTC to 142,776 BTC. At the same time, the wallet has jumped from the ninth largest personal wallet on the Bitcoin blockchain to the third largest.
4. Robinhood Wallet
Holdings: 136,295 BTC
Value: $9 billion
According to blockchain analytics platform Arkham Intelligence, the third-largest Bitcoin wallet belongs to the Robinhood trading platform. However, as of August 28, 2023, Robinhood has not publicly confirmed that it owns the wallet.
According to Arkham Intelligence, the wallet was actually managed by Jump Trading, which acted as custodian of the funds.
Starting in May 2023, the wallet began receiving a series of large transactions. In each transaction, the wallet received 1,600 to 1,900 BTC. The wallet stopped receiving these large transactions on June 30 and has only received very small transactions since then.
So far, the wallet has only made one outgoing transaction, sending a small amount of 0.051 BTC in May 2023.
5. FBI Wallet (BTC from the 2016 Bitfinex hack)
Holdings: 94,643 BTC
Value: $6.2 billion
The wallet, which is currently controlled by U.S. federal authorities, contains BTC stolen from the Bitfinex cryptocurrency exchange in 2016. The wallet was first activated in February 2022, when Ilya Lichtenstein and Heather R. Morgan were indicted for conspiracy to launder Bitcoin stolen in a hack.
All of the wallet’s large transactions were made on February 1, 2022. Since then, the wallet has only received transactions containing trace amounts of Bitcoin and has never sent any BTC to date.
As the investigation into the Bitfinex hack and the prosecution of those suspected of laundering the stolen BTC continues, we’ll likely see some very interesting transactions from this wallet in the future.
6. Mt. Gox Hacked Wallet
Holdings: 79,957 BTC
Value: $5.3 billion
This wallet was controlled by a hacker who compromised the now-defunct Mt. Gox cryptocurrency exchange. In August 2023, former Mt. Gox CEO Mark Karpeles tweeted the following:
“I hereby certify that the 79,956.55 bitcoins sent to the 1Feex address on March 1, 2011 were transferred from the original MtGox bitcoin wallet without proper authorization and are considered stolen property that was the property of MtGox and was used by MtGox creditors for their own profit.”
Aside from the massive 79,956 BTC stolen, the wallet has only received a handful of transactions since then. Interestingly, despite being created back in 2011, no Bitcoin has ever been sent from the wallet.
7. Unidentified Owner #1
Holdings: 79,000 BTC
Worth: $5.2 billion
The owner of the seventh-largest Bitcoin address is unknown. However, we do know that a large amount of Bitcoin has changed hands in the past few months — the total amount of BTC controlled by this wallet has increased from 59,300 BTC to 79,000 BTC since the beginning of 2024, an increase of nearly 20,000 BTC (more than $1.3 billion at current exchange rates).
8. Unidentified Owner #2
Holdings: 78,317 BTC
Worth: $5.2 billion
It is not clear who owns the eighth-largest Bitcoin wallet. The wallet was first active on March 24, 2024, when a whale traced to the letter and number sequence "37XuVSEp" transferred 94,504 BTC to two wallets.
After the initial transaction, the wallet was largely idle, only receiving small amounts of BTC periodically, likely from random Bitcoin holders who wanted to gain some influence by being associated with one of the largest BTC addresses.
9. Tether Cold Wallet
Holdings: 75,354 BTC
Value: $5 billion
According to leading blockchain research firm Arkham Intelligence, the seventh-ranked Bitcoin wallet is none other than Tether, the company behind the popular USDT stablecoin. The wallet received several transactions involving thousands of BTC from Bitfinex’s hot wallet account.
10. Upbit Cold Wallet
Holdings: 73,090 BTC
Value: $4.9 billion
We combine the list of the largest Bitcoin addresses with another cold wallet belonging to a cryptocurrency exchange (Upbit). The wallet has steadily increased its balance over the past few years and currently holds nearly $5 billion worth of BTC. However, before crypto intelligence firm Arkham Intelligence identified Upbit as the wallet owner, there was already a lot of speculation about Mr.100's potential identity as the wallet became known in the community.
There are various speculations about the identity of the owner of Mr.100's wallet. Some speculate that he may be a billionaire, some speculate that he may be a bank preparing to enter ETH, and some even speculate that he may be a wealthy Gulf country that is quietly accumulating BTC.
We can see that the Bitcoin Rich List is quite attractive.
