Largest Owners of Bitcoin: Who are They?

Rich and powerful… How often do we hear about them in the news? Perhaps, every day.

Since the cryptocurrency was invented, most wealthy people have paid attention to Bitcoin considering digital money as a good investment, and converted their Euro to BTC. And probably they were right. So, who are the largest owners of Bitcoin? Let’s discover them all!


Among the largest Bitcoin holders, there are a lot of celebrities, politicians, and big companies’ holders. Who among them do you know?

Satoshi Nakamoto

Among the top ten wealthiest Bitcoin holders over the years is Bitcoin’s creator-called Satoshi Nakamoto. It is estimated that Satoshi Nakamoto owns around 1.1 million bitcoins, according to his early mining. Even though owning such a huge amount of money, Satoshi Nakamoto has never actually used the majority of his bitcoins or converted them into real cash. The price of bitcoins may plummet in an instant if he sells all his bitcoins.

Roger Ver

A Bitcoin billionaire known as Bitcoin Jesus, Liberian Roger Ver, holds at least 100,000 Bitcoins. His Bitcoin-related projects motivated him to drop out of college. He does not spend his money on expensive private islands and aircraft like other billionaires. He dreams of founding a liberal nation. His citizenship was renounced in 2014, and he permanently moved to Tokyo, Japan.

Gavin Andresen

While Satoshi Nakamoto is generally credited with the idea for Bitcoin, its creator is thought to be Gavin Andresen. There was a suspicion that Gavin was Satoshi Nakamoto, but he denied it. He stated that he had a friendship with the anonymous cryptographer for many years. He was chosen as Satoshi Nakamoto’s successor at the end of 2010. It was Gavin who developed the open-source code that determines whether Bitcoin will survive. Hundreds of thousands of bitcoins were offered to him by the Bitcoin Foundation. Several of them have been fulfilled.

Barry Silbert

Founder of a digital currency group, Sibert, is a venture capitalist. He was among the early adopters of bitcoin. The US Federal Agency for Law Enforcement held an auction in 2014 where he allegedly won 48,000 bitcoins.

The Winklevoss Twins

They sit in the top ten richest Bitcoin owners. Their compensation from a legal dispute with Zuckerberg in 2013 went toward purchasing 1.5 million Bitcoins with 11 million U.S. dollars. At that time, the transaction price for bitcoin was $120. Since then, investments have increased by more than 20,000%. There is a rumor that the twins own 1% of Bitcoin on the market. Their ventures include founding Windex, several Bitcoin-related companies, and investing 1.5 million dollars into BitInstant.

Companies holding a big amount of Bitcoins
Together, the US has 12 companies that hold 185,000 bitcoins on their balance sheets, approximately 87% of all bitcoins held by all 34 public companies; 13 Canadian companies hold 9.3%. In addition to seven US companies, two Canadian companies and one German company hold the most bitcoin. Furthermore, the information technology sector holds the most bitcoin on its balance sheet, with 66.8%. This is followed by the consumer discretionary and financial sectors, each with 20.2%.


According to an SEC filing, electric vehicle manufacturer Tesla has made “an aggregate investment of $1.50 billion” in crypto. The Tesla CEO said the move was to “prove that Bitcoin is a viable alternative to holding cash on the balance sheet.” Tesla sold 10% of its Bitcoin holdings in Q1 2021.

In the next quarter, Tesla will likely have to write off between $25 million and $100 million of its 42,902 Bitcoins, worth $1.37 billion, due to the price slump of Bitcoin in 2021.

Tesla’s SEC filing indicates that the purchase of Bitcoin is part of an updated investment policy that emphasizes maximizing returns and diversifying cash on hand. In the filing, it is described as follows, “We may invest a portion of such cash in certain alternative assets, such as digital assets, gold bullion, gold exchange-traded funds, and other assets as determined in the future.”

Tesla launched a Bitcoin play after months of speculation, as Elon Musk discussed the cryptocurrency on Twitter. MicroStrategy’s Saylor proposed to Musk his “playbook” for Bitcoin investments in late 2020, claiming that Tesla shareholders would receive a “$100 billion favor” by getting into bitcoin.

Square Inc.

The purchase by Tesla of Bitcoin during October 2020, as well as Square’s $50 million investment in Bitcoin during that same month, paved the way for institutional investment in cryptocurrencies.

With its Q4 2020 earnings announcement, Paysafe revealed that it has also invested in Bitcoin since then, securing an additional $170 million worth. The news was perhaps unsurprising, given that Twitter’s CEO Jack Dorsey has long been a proponent of bitcoin (and runs his own node).


Michael Saylor, CEO of MicroStrategy (MSTR), may be the biggest Bitcoin bull of them all. According to his Twitter account, Saylor is an extremely vocal proponent of Bitcoin. Bitcoin even has its own section on the business intelligence company’s website.

The first Bitcoin purchased by MicroStrategy was valued at $250 million in August 2020. This digital asset has continued to be acquired by the company in varying quantities since that time.

Governments Holding the Most Bitcoin

There are approximately 259,870 bitcoins owned by governments worldwide, representing 1.237% of the total supply. According to reports, Bulgaria has more than 213,519 BTC, and members of the Ukrainian government own about 46,351 BTC.

Bulgaria currently owns one of the largest bitcoin portfolios in the world. As a result of Bulgarian law enforcement agencies’ crackdown on organized crime, 213,519 bitcoins were seized, enough to pay off a quarter of Bulgaria’s national debt. The Bulgarian authorities claim the criminals used their technology to avoid taxes. A Bulgarian government spokesperson declined to comment on whether gold coins are backed by legal tender.

A cache of almost 70,000 BTC is currently held by the United States government, and it is expected to be sold soon. In 2015, the U.S. government sold bitcoin recovered from the Silk Road that was worth several billion dollars today. On its website, the United States Marshals Service auctions bitcoin seized by the FBI and other government agencies.