Bitcoin just hit $104,000 but who owns the most Bitcoin?
Satoshi Nakamoto owns the most bitcoins with an estimated 1.1 million BTC. Satoshi not only invented but also started Bitcoin, being the first miner to create a block of transactions. It is estimated that Satoshi mined over 22,000 blocks starting on January 3, 2009, and received over a million bitcoins in cumulative block rewards for his work.
How Many Bitcoins Does Satoshi Own?
As a result, Satoshi is estimated to have over 1.1 million BTC, worth around $113 billion as of December 2024. These Bitcoins are not held in a single address, but are spread across around 22,000 addresses. None of them have ever been spent except for a few test transactions. Satoshi left the project in 2010 and has not been heard from since.
Individual Bitcoin Whales
Tyler and Cameron Winklevoss: After settling a dispute with Mark Zuckerberg in 2008 for $65 million in Facebook stock and cash, the pair started an angel investment firm. A few years later, they announced they had purchased about $11 million worth of bitcoin at an average cost of $10 per coin. The Winklevoss twins are estimated to own about 70,000 BTC.
Tim Draper: The VC giant has long been interested in Bitcoin; so much so that he made an early purchase of 40,000 BTC on the Mt Gox exchange.
Unfortunately, all 40,000 coins were lost in a hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a base cost of about $632 per coin.
Michael Saylor: Microstrategy founder and chairman revealed in an October 2020 tweet that he personally owns 17,732 BTC. It’s reasonable to assume he has acquired even more—being a very public Bitcoin bull.
Micro Strategy 386,700
Black stone 610.430
Gray scale 215.941
Now let's discuss something interesting about:
GMT and GMT DAO: A Journey of Innovation and Community Empowerment
GMT, a former Binance Launchpad project, stands at the heart of its expansive ecosystem. The project has grown into a key token on platforms such as STEPN, STEPN GO, MOOAR, and DOOAR, enhancing the user experience across a variety of blockchain applications. This article takes a deep dive into GMT’s recent developments, including the $600 million GMT Buyback Initiative and the groundbreaking BURNGMT, and explores the impact these moves will have on the token’s ecosystem.
Overview of DAO and GMT Ecosystem
The GMT DAO serves as the backbone of the GMT ecosystem, managing an ecosystem fund that drives the development of a variety of innovative products, including:
STEPN: Fitness app with over 6 million active users.
STEPN GO: An extension of gamified fitness.
MOOAR: The leading NFT trading platform.
DOOAR: Cross-chain DEX for seamless asset trading.
Partnerships with global brands such as Casio, ASICS, and Adidas further strengthen GMT’s position as a market leader. These collaborations reflect GMT’s vision to combine blockchain with real-world applications, offering unique experiences to users around the world.
600 million GMT Buyback and BURNGMT Initiative
One of the most significant moves in GMT’s history was the buyback of 600 million uncapped GMT tokens. Worth $100 million, these tokens included an initial allocation to advisors, teams, and uncapped investors. Here’s why this initiative is monumental:
1. Demonstration of Trust: This buyback underscores the GMT team’s unwavering belief in the growth and sustainability of their ecosystem.
2. Strengthening Tokenomics: Burning these tokens will significantly reduce the total supply, increasing scarcity and potentially boosting value.
3. Community Empowerment: The decision to burn these tokens is in the hands of the community through the BURNGMT voting initiative.
BURNGMT Ballot 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 are the details of the mechanism:
Voting Process: Participants lock their GMT tokens to vote on whether the 600 million repurchased tokens should be burned.
Prize Pool: To incentivize participation, a GMT prize pool of 100 million is distributed among voters based on the amount of GMT locked.
Community Impact: By participating, you not only influence the future of GMT but also share in the benefits of a more robust tokenomics model.
Why Participate in the BURNGMT Initiative?
1. Empowering the Ecosystem: Burning 600 million tokens removes a large portion of the supply, reducing inflationary pressure.
2. Be Part of History: This initiative demonstrates blockchain's unique ability to engage communities in meaningful decision-making.
3. Get Rewards: Sharing in a 100 million GMT prize pool ensures real benefits for your participation.
GMT Tokenomics and Burn Impact
The potential burn of 600 million GMT tokens will significantly change the token distribution:
Reduced Supply: Removing these tokens from circulation will increase scarcity, thereby benefiting long-term holders.
Reinforced Value: Lower supply with continued or increasing demand can increase the market value of a token.
Ecosystem Growth: The re-allocation of 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. Set up your GMT: Get and store GMT tokens in your wallet.
2. Key Token for Voting: Participate through the official GMT voting platform during the voting period (November 21, 2024 – January 20, 2025).
3. Cast Your Vote: Decide whether to burn or keep tokens.
4. Claim Prizes: After the event ends, claim your share of the 100 million GMT prize pool based on your voting participation.
GMT Ecosystem Products and Partner Brands
GMT is not just a token; it is a driver of cutting-edge blockchain innovation:
STEPN and STEPN GO: Revolutionizing fitness through gamification and rewards.
MOOAR: Driving NFT adoption with a seamless trading experience.
DOOAR: Simplifying cross-chain transactions for Web3 users.
Collaborations with Casio, ASICS, and Adidas strengthen GMT's visibility and usability, bridging blockchain with key industries.
The 600 million GMT and BURNGMT Buyback initiatives are an example of the GMT team’s commitment to innovation, community engagement, and sustainable growth. By burning these tokens, the ecosystem can see improvements in tokenomics, strengthening market trust, and accelerating product development.
Don't miss your chance to participate in this historic event. Join the BURNGMT initiative, shape the future of GMT, and share the rewards.
What do you think about the BURNGMT initiative? Let's discuss in the comments below.
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