The largest single owner of Bitcoin is believed to be Satoshi Nakmoto, who is thought to own over 980,000 Bitcoins, taking a Bitcoin value of $8,600 they would be worth approximately 8.4 billion.

He/she is credited to have been the person that originally created Bitcoin over 10 years ago.

Bitcoin miners, who are holding just over 1.6 million Bitcoins, worth approximately $13.7 billion according to Byte Tree, a company that has analysed the entire Bitcoin Blockchain history of transactions. Byte Tree claims that there are currently over 1.6 million Bitcoins that have been mined but are still residing in the initial wallets they were transferred to when they were created. Byte Tree monitors this number to study the correlation between Bitcoin’s price and the % of, in effect, “virgin Bitcoins” that are yet to be spent for the first time. It also has a running update which shows if miners have been net sellers or accumulators of Bitcoin on a rolling weekly basis. This could be interpreted as to whether miners anticipate if Bitcoin is likely to rise or fall in price in the short term - or maybe they are just selling Bitcoins to pay their electricity bills!

The Bulgarian government is reported to be holding enough Bitcoins to pay off 25% of the country’s national debt, as it holds over 200,000 Bitcoins, worth over $1.7 billion. These Bitcoins have been confiscated by the Bulgarian government, due to companies and individuals being accused of carrying out various nefarious activities. Interesting, that as yet the Government has not reduced its exposure and sold off the stash! Maybe the Bulgarians have decided they do not want to make the same mistake that the FBI made! The FBI seized over 144,000 Bitcoins, which would be currently worth $1.2 Billion, when it closed down the illegal Silk Road in 2013, which was a website selling sex, drug arms and all sorts of other illegal goods and services.

There are lots of sites that list the biggest Bitcoin owners, but the reality is it is very difficult to be sure who actually owns what, as understandably many prefer to keep their finances confidential. What is more interesting is we are seeing the volume of Bitcoin being traded and, indeed, other currencies gaining momentum as record volumes have been recorded on different exchanges around the world. This is leading to higher prices, so making those holding Bitcoin even wealthier!

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