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- Recent chatter in the crypto sphere is centered around prominent Bitcoin addresses and their owners after the Arkham Intelligence revelation.
- Interestingly, in light of Arkham Intelligence data, crypto exchanges, and governmental bodies emerge as Bitcoin heavyweights in the Bitcoin storage landscape.
Bitcoin Holding Heavy Weights of 2023
Some addresses are mysterious, while others have distinct labels. Surprisingly, most are unmasked, leading to this list of Bitcoin holders that rule the roost in the crypto world.
The following Arkham Intelligence analysis shows the top five Bitcoin addresses and their owners.
The Pinnacle of the Bitcoin Rich List
Let’s look at the leaders of Bitcoin wallets.
1. Binance Cold wallet
At the pinnacle of the top five Bitcoin-rich list is Binance Cold Wallet.
Based on the current Bitcoin exchange rates, the wallet with the label “34xp4” has a staggering 248,597 BTC, a whopping $6.4 billion.
Since it’s a cold wallet, it experiences minimal activities.
2. Bitfinex Cold Wallet
Second on the list is Bitfinex Cold Wallet.
With a current label of “bc1qg”, the wallet holds 178,010 BTC worth $4.58 billion. Its most recent activity was a BTC transaction on March 30, 2023.
As of now, bearing the label “bc1ql,” it currently holds 118,300 BTC, valued slightly over $3 billion.
The address is valued at $2.9 billion with the current Bitcoin exchange rates.
5. Billionaires or the US government?
Things become more mysterious when it comes to the fifth-largest Bitcoin wallet. The identity of the address remains unknown.
However, according to the Arkham dashboard, the U.S. government owns the fifth largest wallet. The funds of this particular address originate from a 2016 Bitfinex hack.
It was then consolidated into an address after the U.S. law enforcement seizure. The U.S. government stash has 94,643 BTC, valued at $2.4 billion.
Exchanges and U.S. Government Tops Poll
The U.S. government oversees about 12.8% of the top five Bitcoin-rich list, emanating from its law enforcement activities.
The above BTC distribution clearly shows that centralized exchanges and governmental institutions dominate the BTC storing landscape.
Any thoughts on the top five Bitcoin addresses?