Researchers from OXT Ergo and cryptocurrency data analysis firm Arkham Intelligence have conducted a joint analysis of the third-largest Bitcoin wallet by balance, which they believe is possibly owned by the Robinhood trading platform (NASDAQ: HOOD). However, Robinhood is not the only company in the top 10 list of exchanges with significant Bitcoin holdings. Topping the "Bitcoin Millionaires List" is the world's largest cryptocurrency exchange, Binance, with an address labeled "34xp4," which, as of September 1, 2023, holds 248,597 BTC valued at $6.4 billion.
The last transaction on this exchange, created on October 18, 2018, took place on January 7, 2023. This is not surprising as it is considered a cold wallet, limiting its activity.
Here's the list of the top 10 Bitcoin wallets (BTC) as of September 1, 2023:
The second-largest BTC wallet, known as "bc1qg," containing 178,010 BTC worth $4.58 billion, is owned and managed by the cryptocurrency exchange Bitfinex. It was created on February 2, 2020, with its last transaction recorded on March 30, 2023.
The third-largest wallet, "bc1ql," holding 118,300 BTC valued at just over $3 billion, is also associated with the Robinhood cold wallet.
The fourth-largest BTC wallet, holding 115,177 BTC worth $2.9 billion, is also controlled by Binance, labeled as address "39884."
The fifth wallet, owned and operated by US law enforcement, is referred to on the Arkham toolbar. This wallet, "bc1qa," was attributed to the late PMC "Wagner" Ha Dichiarato, containing 94,643 BTC stolen during the Bitfinex breach in 2016 and placed at this address after confiscation. The US government's holdings of 94,643 BTC are valued at $2.4 billion.
The sixth-largest Bitcoin address, "37XuV," lacks markings on the Arkham toolbar, but information about it is available on the blockchain explorer oxt.me. According to a user named Wolf755 on January 19, 2020, this address is associated with Huobi. It was created on July 4, 2021, and the funds have not moved since. As of September 1, 2023, it holds a balance of 94,505 BTC, equivalent to $2.4 billion.
Ranking seventh is the BTC address "1Feex," marked on Arkham as belonging to the "Mt. Gox Hacker."
The eighth BTC wallet on September 1st was "bc1qa," controlled and owned by the US government. This wallet was obtained in the Silk Road violation, and this year, the coins may be sold. The address "bc1qa" contains approximately 69,370 BTC, totaling $1.78 billion.
In the ninth position, the "3LYJf" cryptocurrency wallet, also owned by Binance, holds a balance of 68,200 BTC worth $1.75 billion. It supports synthetic Bitcoin, known as BTCB, published on the Binance Smart Chain.
Lastly, the tenth-largest BTC address, "bc1qd," contains 59,300 BTC, totaling $1.5 billion. The Ergo network researcher suggested that this wallet is a cold archive of BFX. This means that two of the ten largest Bitcoin wallets remain unide
ntified.
The analysis sheds light on the significant holdings of various entities in the cryptocurrency space, with some wallets belonging to exchanges and others having more mysterious origins. As the cryptocurrency market continues to evolve, these wallets play a crucial role in influencing market dynamics and sentiment.
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