Coinbase Bitcoin Holdings Explained: How Many Bitcoins Do They Own

Coinbase is one of the largest cryptocurrency exchanges in the world, with a significant impact on the Bitcoin market. They hold a substantial amount of Bitcoins in their reserves.

According to their own statements, Coinbase owns around 5% of the total circulating supply of Bitcoin. This translates to approximately 4.5 million Bitcoins.

The company's Bitcoin holdings are a result of their business model, which includes buying and holding Bitcoins as a reserve to facilitate transactions.

Coinbase holds a staggering $52 billion worth of Bitcoin, making it the top holder of BTC with over 4.3% of the total supply.

This is according to Arkham Intelligence, a company that provides on-chain analytics. They've been tracking Coinbase's Bitcoin holdings and have come to this conclusion.

Coinbase's Bitcoin stash is roughly equivalent to the amount held by Satoshi Nakamoto, the enigmatic individual or group credited with creating Bitcoin. Nakamoto's stash is estimated to be around 600,000 to 1.1 million BTC, worth between $13 billion and $23.8 billion.

Explore further: 1 Million Bitcoins

Coinbase's holdings are spread across 36 million deposit and holding addresses, with the largest cold wallet holding about 10,000 Bitcoin. However, it's likely that Coinbase holds thousands more Bitcoins that haven't been categorized yet.

Here's a breakdown of Coinbase's Bitcoin holdings compared to Nakamoto's:

Note that the exact percentage of the total supply held by Nakamoto is unknown, as their stash is dispersed across numerous addresses.

Coinbase holds a staggering $52 billion worth of Bitcoin, making it the top holder of BTC with over 4.3% of the total supply.

This is a significant amount of Bitcoin, and it's clear that Coinbase has a substantial stake in the cryptocurrency market.

Coinbase's Bitcoin reserves are likely to play a crucial role in the decentralized finance (DeFi) space, particularly with the upcoming launch of cbBTC.

Coinbase holds about 5% of the total bitcoin in circulation, which is roughly equivalent to the stash held by Satoshi Nakamoto, the enigmatic individual or group credited with creating bitcoin.

The identified sum held by Coinbase was spread across 36 million deposit and holding addresses.

Coinbase's bitcoin holdings are significantly larger than its ether holdings, which amount to about $2.6 billion.

The largest cold wallet identified held about 10,000 bitcoin, according to Arkham Intelligence.

It's estimated that Satoshi Nakamoto mined an impressive amount of bitcoin, with estimates ranging from 600,000 BTC to as much as 1.1 million BTC during the cryptoasset's early years.

Should the upper estimate prove accurate, Nakamoto would find themselves among the top 50 billionaires globally.

On a similar theme: $230 Million Cryptocurrency Theft