金麟
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Bullish
The top 10 global Bitcoin holders in Q1 2025 are here! Satoshi Nakamoto holds 1.1 million coins (approximately $126.5 billion), far ahead in first place, followed by BlackRock with 698,000 coins ($80.4 billion) and Binance with 633,000 coins ($72.8 billion). MicroStrategy, Grayscale, and other institutions made the list, with China holding 190,000 coins ($21.8 billion) in eighth place.
Satoshi Nakamoto's 1.1 million Bitcoins have basically never been touched, sitting idle in the account for many years. According to public data, these coins have hardly moved since they were mined starting in 2009. The market has always claimed he is the founder, but there has still been no reliable confirmation of his identity. Regardless, this amount of money is astronomical, and anyone would be envious. However, if he were to sell, the market would likely crash directly.
Speaking of BlackRock, they hold 698,000 coins, which is a signal that traditional financial giants are entering the crypto market. They have been laying the groundwork for a Bitcoin ETF since 2020, and now their holdings have shot up to second place. Many retail investors feel a bit more confident seeing these large institutions enter the market; after all, with big players backing it, it feels less likely to crash easily. But how they specifically operate is something outsiders can only guess based on the data.
As for Binance, holding 633,000 coins is not surprising, given that it is one of the largest exchanges in the world. Most of these coins are stored by users, with some being their own trading stock. It's hard to track the specific breakdown of data, but a high exchange holding indicates active user trading. Binance has been expanding its business over the years, venturing from spot trading to derivatives, so it's no wonder they have accumulated so much.
Now let's talk about MicroStrategy, a company that is a die-hard fan of Bitcoin. Since 2020, they have been pouring company funds into Bitcoin and have now entered the top ten. Company CEO Michael Saylor has publicly stated that Bitcoin is their strategic asset, even listing it as a core strategy in their financial reports. While other companies are still observing, they have long since gone all in.
Grayscale also made the list, a company primarily engaged in crypto asset management, with its GBTC trust product being particularly popular. Their holdings mainly involve buying and custodizing Bitcoin for clients, allowing many institutional investors to indirectly hold Bitcoin through them. Although there have been more competitors recently, such as BlackRock's ETF, Grayscale still holds some weight in the market.
In China, holding 190,000 coins ranks eighth; this number looks substantial, but it falls far short compared to the earlier entries.
Satoshi Nakamoto's 1.1 million Bitcoins have basically never been touched, sitting idle in the account for many years. According to public data, these coins have hardly moved since they were mined starting in 2009. The market has always claimed he is the founder, but there has still been no reliable confirmation of his identity. Regardless, this amount of money is astronomical, and anyone would be envious. However, if he were to sell, the market would likely crash directly.
Speaking of BlackRock, they hold 698,000 coins, which is a signal that traditional financial giants are entering the crypto market. They have been laying the groundwork for a Bitcoin ETF since 2020, and now their holdings have shot up to second place. Many retail investors feel a bit more confident seeing these large institutions enter the market; after all, with big players backing it, it feels less likely to crash easily. But how they specifically operate is something outsiders can only guess based on the data.
As for Binance, holding 633,000 coins is not surprising, given that it is one of the largest exchanges in the world. Most of these coins are stored by users, with some being their own trading stock. It's hard to track the specific breakdown of data, but a high exchange holding indicates active user trading. Binance has been expanding its business over the years, venturing from spot trading to derivatives, so it's no wonder they have accumulated so much.
Now let's talk about MicroStrategy, a company that is a die-hard fan of Bitcoin. Since 2020, they have been pouring company funds into Bitcoin and have now entered the top ten. Company CEO Michael Saylor has publicly stated that Bitcoin is their strategic asset, even listing it as a core strategy in their financial reports. While other companies are still observing, they have long since gone all in.
Grayscale also made the list, a company primarily engaged in crypto asset management, with its GBTC trust product being particularly popular. Their holdings mainly involve buying and custodizing Bitcoin for clients, allowing many institutional investors to indirectly hold Bitcoin through them. Although there have been more competitors recently, such as BlackRock's ETF, Grayscale still holds some weight in the market.
In China, holding 190,000 coins ranks eighth; this number looks substantial, but it falls far short compared to the earlier entries.
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