The top 100 richest Bitcoin addresses are getting bigger. They have increased their Bitcoin portfolios by 16% over the last 30 days. In total, these addresses added another 334,000 Bitcoins, worth about $ 11 billion.
Most of these addresses did not sell Bitcoins during the fall in Bitcoin prices from 41,000 to about 30,000. Only seven addresses made the transfer from the wallet from the new ATH on January 10th. Of the addresses that have executed transactions in the last 30 days, only eight have more than ten transactions in their name since December 12th.
Surprising is one fact, and that is that a large number of the largest Bitcoin addresses are only now experiencing their first bull run, and eight of the top ten addresses received their first transaction since September 2018. The most recent address in the top 100 is only two months old.
Who owns the biggest Bitcoin addresses?
Not all addresses are individual whales. They include at least ten addresses controlled by stock exchanges such as Huobi, Binance, Bittrex and Kraken. The rest is believed to belong to a mix of institutional investors and wealthy holders, with it being almost impossible to distinguish the two. What is clear, however, is that whales are not too much affected by price or sentiment.
To get into the top hundred Bitcoin addresses, more than $ 336 million must be held in BTC. About $ 2.2 billion is needed to enter the top ten.
Addresses from this prestigious list have often attracted attention for a variety of reasons, including that at least one of these is believed to belong to Satoshi Nakamoto himself. The third richest address, with an intact 94,506 BTC, came to the titles of the crypto portal back in September 2019 after Glassnode reported that 73,000 BTCs from the Huobi crypto exchange had been transferred to the address. It was assumed that it was the richest address that did not belong to institutions or crypto exchanges
According to BitInfoCharts, 64 of the 100 largest addresses have never made a single Satoshi transfer (a millionth of a bitcoin).
Those addresses, which currently control more than 2.5 million BTCs (13.5% of the circulating volume) worth nearly $ 85 billion, include 15 inactive addresses. Eleven have been inactive for more than nine years. While no one can prove this, most assume that the 300,000 BTC holding these addresses have been lost.
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