Bitcoins Biggest Investors: A Look at the Largest Portfolios

Let's take a look at the biggest investors in Bitcoin. One of the largest portfolios belongs to Tim Draper, a well-known venture capitalist who invested $250,000 in Bitcoin in 2014 and now holds over 30,000 Bitcoins.

Tim Draper isn't the only big player in the Bitcoin market. Other notable investors include the Winklevoss twins, who invested $65,000 in Bitcoin in 2011 and now hold over 1% of all Bitcoins in existence.

The Winklevoss twins aren't just big investors, they're also big believers in Bitcoin's potential. They've been vocal about their support for the cryptocurrency and have even filed patents for Bitcoin-related technologies.

Their investment has certainly paid off, with their initial $65,000 investment now worth over $1 billion.

Galaxy Digital Holdings is a significant player in the Bitcoin investment scene, with a stash of 8,100 BTC as of June 2024. This is a notable decrease from the 16,400 BTC they held in July 2022, but the dollar value of their holdings has increased to just shy of $578 million.

Michael Novogratz, the founder of Galaxy Digital, is a strong advocate for Bitcoin, predicting it will soar to $100,000 by the end of the year. He's also one of the firms managing a U.S. spot Bitcoin ETF, following its landmark approval by the SEC in January 2024.

Here are some of the biggest individual Bitcoin owners:

Marathon Digital Inc is a significant player in the Bitcoin mining industry.

The company has a massive 17,631 BTC in its corporate treasury, valued at around $1.23 billion as of May 2024.

Marathon Digital aims to build the largest Bitcoin mining operation in North America at one of the lowest energy costs.

This ambitious goal is driven by the company's pivot into crypto mining, which began after its initial focus as a patent holding firm.

The firm operates 240,000 Bitcoin miners, capable of producing 29.9 EH/s, with an average operational hash rate of 21.1 EH/s.

This impressive setup is a testament to Marathon Digital's commitment to expanding its mining operations.

Marathon Digital is accelerating its growth plans following the 2024 Bitcoin halving, with the goal of doubling the scale of its mining operations in 2024.

This move is aimed at mitigating the impact of the halving, which can lead to a decrease in mining revenue.

However, the firm faced challenges in Q1 2024, including unexpected equipment failures, transmission line maintenance, and higher than anticipated weather-related curtailments.

These setbacks resulted in Marathon Digital missing its Q1 2024 revenue target.

Satoshi Nakamoto, the creator of Bitcoin, is believed to own the most Bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network. This staggering amount is stored in 22,000 wallet addresses, but it's unknown who has access to this giant stash of BTC.

The United States dominates in terms of government-held Bitcoin, with 69,640 BTC, accounting for 90.3% of the world's government-held Bitcoin. This significant holding is largely thanks to the FBI's seizures, including a notable portion from the Silk Road's founders and the Bitfinex hack recovery.

Galaxy Digital Holdings, a diversified financial services and investment management company, holds 17,518 BTC, with a current value of approximately $876 million. This investment underscores its commitment to cryptocurrencies as an asset class, aiming to bridge the gap between the digital asset space and institutional investors.

The Winklevoss twins, Tyler and Cameron, have long supported cryptocurrencies and are some of the most prominent Bitcoin billionaires. They have an estimated 70,000 BTC in their wallets and run the crypto exchange Gemini.

Changpeng Zhao, the founder of Binance, is one of the biggest Bitcoin holders, with an estimated net worth of roughly $96 billion. He reportedly sold his apartment in China to buy $1 million worth of BTC back in 2014.

Here's a breakdown of the biggest individual Bitcoin owners:

Grayscale is the largest asset manager to offer shares in its crypto holdings on the U.S. stock market, holding approximately 643,572 BTC, which accounts for about 3% of BTC's supply.

Microstrategy, a prominent business analytics platform, has aggressively pursued a Bitcoin buying spree, scooping up millions of dollars worth of the cryptocurrency. As of May 2025, it holds 214,400 BTC in reserve, equivalent to $14.8 billion—more than 1% of the total number of Bitcoin that will ever be issued.

Here are some of the notable public companies that hold significant amounts of Bitcoin:

Marathon Digital, a Bitcoin mining company, holds 17,631 BTC in its corporate treasury, worth around $1.23 billion as of May 2024.

MicroStrategy is a prominent business analytics platform that has adopted Bitcoin as its primary reserve asset, holding 214,400 BTC in reserve, equivalent to $14.8 billion.

Grayscale remains the largest asset manager to offer shares in its crypto holdings on the U.S. stock market, holding approximately 643,572 BTC in its portfolio.

Tesla, the electric vehicle and clean energy company, has incorporated Bitcoin into its investment portfolio with a holding of 10,500 BTC, valued at around $525 million.

Marathon Digital Holdings Inc., a Bitcoin mining company, has 17,631 BTC in its corporate treasury, worth around $1.23 billion as of May 2024.

Block, Inc., formerly known as Square, held 8,027 BTC, worth around $573 million, by June 2024, making it a significant player in the corporate Bitcoin investment space.

Coinbase, a publicly traded company on the NASDAQ, holds an impressive 1 million Bitcoin, representing nearly 5% of the total circulating Bitcoin supply.

Here is a list of companies with large Bitcoin holdings:

Binance holds a whopping 643,546 BTC, solidifying its position as the world's largest cryptocurrency exchange by trading volume.

The exchange was founded in 2017 by Changpeng Zhao (CZ) and has rapidly grown to become a cornerstone of the cryptocurrency world, offering a wide array of services beyond simple trading.

Binance's extensive offerings and global reach have made it a go-to platform for both beginners and institutional investors. Its liquidity, security measures, and user-friendly platform have attracted a vast user base.

The company's cold storage wallets have large amounts of BTC, with the largest single BTC wallet belonging to Binance, containing 252,597 BTC.

Here are the top BTC exchanges with the most significant holdings:

Bitfinex, another prominent exchange, owns the second-largest single BTC wallet with 168,010 BTC, and another cold storage address with 16,379 BTC.

Coinbase, the only crypto exchange that offers stock to U.S. shareholders, claims to hold 9,000 BTC in its reserves, equaling 0.043% of the BTC supply.

Individual investors play a significant role in the Bitcoin ecosystem, with some having a substantial impact on the market.

Satoshi Nakamoto, the mysterious creator of Bitcoin, is estimated to have mined around one million bitcoins between 2009 and 2010, which are stored in 22,000 wallet addresses.

The Winklevoss twins, known for their involvement in the cryptocurrency space, have an estimated 70,000 BTC in their wallets. They run the crypto exchange Gemini and continue to be active players in the crypto space.

Changpeng Zhao, the founder of Binance, is one of the biggest Bitcoin holders, with an estimated net worth of roughly $96 billion.

Here are some of the biggest individual Bitcoin owners:

Block, Inc is a great example of a company investing in Bitcoin. It invested $50 million in Bitcoin in October 2020.

Block, Inc's CEO Jack Dorsey is a big advocate for Bitcoin, which is probably why the company has been so active in the space. He even runs his own Bitcoin node.

By June 2024, Block, Inc held 8,027 BTC, worth around $573 million. This is a significant increase from its initial investment.

The company has also invested in Bitcoin technology, launching its own Bitcoin wallet and developing a Bitcoin mining ASIC chip. This shows that Block, Inc is committed to making Bitcoin more accessible and usable.

In April 2024, Block's payment services subsidiary Square announced that it would enable businesses using its Cash App product to automatically convert a portion of daily sales into Bitcoin. This is a big step towards making Bitcoin a more mainstream form of payment.

Block, Inc has also announced a dollar cost average (DCA) purchase programme, where it will reinvest 10% of its profits from Bitcoin-related products and services into BTC. This shows that the company is serious about long-term investing in Bitcoin.

CleanSpark is a U.S. Bitcoin mining firm that holds a significant amount of Bitcoin, with 6,154 BTC worth around $439 million as of June 2024.

The company has been expanding its operations ahead of the 2024 Bitcoin halving, snapping up three Bitcoin mining facilities in Mississippi for $19.8 million, which added up to 2.4 EH/s to its mining capacity.

CleanSpark has also added a third facility in Dalton, Georgia to its line-up, adding an additional 0.8 EH/s.

In June 2024, the company revealed that it had mined 417 BTC in the month of May, claiming to have “outperformed industry expectations” in its first full month of production following the halving.

CleanSpark plans to further expand to a site in Wyoming “in the coming days,” indicating its commitment to growth despite the challenges posed by the halving.

Tim Draper is a venture capitalist who made headlines in 2014 by purchasing nearly 30,000 BTC seized by the U.S. government from the Silk Road.

His initial investment in Bitcoin was valued at millions of dollars at the time, which is a bold statement of his belief in Bitcoin's future.

Draper's advocacy for cryptocurrencies and blockchain technology has made him a key figure in the space, with his initial investment growing exponentially in value as Bitcoin's price skyrocketed.

He's a pioneer in the field, and his influence can be seen in the growing popularity of cryptocurrencies and blockchain technology.

Draper's bet on Bitcoin was a clear indication of his confidence in the cryptocurrency's potential to revolutionize the financial industry.

His advocacy has inspired many others to invest in Bitcoin and other cryptocurrencies, contributing to the growth of the industry.

Satoshi Nakamoto is estimated to be the biggest bitcoin holder, with over 1.1 million BTC stored in roughly 22,000 addresses.

Satoshi's holdings grant them no special privileges or authority over the network, reinforcing Bitcoin's commitment to decentralization and democratic governance.

The Winklevoss twins, Tyler and Cameron, are some of the most prominent Bitcoin billionaires, with an estimated 70,000 BTC in their wallets.

Changpeng Zhao, the founder of Binance, is one of the biggest Bitcoin holders, with an estimated net worth of roughly $96 billion.

Michael J. Saylor, CEO of MicroStrategy, has transformed his company's reserve asset strategy by converting a significant portion of its cash reserves into Bitcoin, resulting in over 129,000 BTC.

Here's a list of the top individual Bitcoin owners:

These individuals have significant influence on the crypto market due to their large BTC positions, but the decentralized nature of Bitcoin ensures that no individual or entity can exert control over the network.

Bitcoin's ownership and distribution are fascinating topics. Satoshi Nakamoto, the mysterious creator of Bitcoin, holds an enormous stash of over 1.1 million BTC.

The distribution of Bitcoin ownership is crucial because it affects the network's decentralization. Bitcoin's founder envisioned it as an egalitarian P2P payment network, but large BTC holders, also known as whales, have an outsized influence on the crypto market.

A recent study found that approximately 6,952 BTC wallets control 58.21% of available bitcoins. This means about 0.01% of the total BTC holders have almost 60% of BTC's supply.

The concentration of wealth in Bitcoin's distribution is a concern, as it can lead to centralization risks. Large BTC holders can collude and manipulate the crypto's spot price. Some crypto advocates worry about banks and governments acquiring large shares of BTC and taking over the network.

Here are some of the biggest individual Bitcoin owners:

It's worth noting that the wallet concentration for Bitcoin has been increasing over time. In 2012, only 1,840 wallets held more than 50% of BTC's supply, whereas in 2020, this number rose to around 4,652 wallets.