Fidelity Approaches Top 10 Bitcoin Holders
Fidelity Investments is closing in on becoming one of the top 10 Bitcoin holders globally. With a current holding of 182,757 BTC, which represents about 0.9248% of the total Bitcoin supply, Fidelity requires just 22,000 additional BTC to surpass the US government’s holdings of 204,302 BTC, or 1.0338% of the supply, as reported by TimechainIndex.
Current Rankings of Bitcoin Holders
Rank | Entity | BTC Balance | % of Supply |
---|---|---|---|
1 | Unspent Coinbase Rewards 2009 (21,488 Add.) | 1,074,402.65 | 5.4368% |
2 | Coinbase (152,618 Add.) | 1,050,790.37 | 5.3173% |
3 | Binance (122,684 Add.) | 759,296.09 | 3.8422% |
4 | Unspent Coinbase Rewards 2010 (11,597 Add.) | 578,740.86 | 2.9286% |
5 | BlackRock (IBIT) (772 Add.) | 365,310.38 | 1.8486% |
6 | Bitfinex (2,297 Add.) | 359,385.17 | 1.8186% |
7 | MicroStrategy (509 Add.) | 252,220.00 | 1.2763% |
8 | Kraken (86,363 Add.) | 238,895.29 | 1.2089% |
9 | Grayscale (GBTC) (3,080 Add.) | 219,945.29 | 1.1130% |
10 | US Gov (125 Add.) | 204,302.34 | 1.0338% |
11 | Fidelity (FBTC) (623 Add.) | 182,757.08 | 0.9248% |
Fidelity’s Financial Footprint
As of now, Fidelity’s Bitcoin holdings are valued at approximately $11.1 billion. To break into the top 10, the firm would need another influx of around $1.3 billion. Recently, on September 27, Fidelity experienced an impressive inflow of $227 million in a single day; however, over the past month, the ETF has displayed relatively stagnant flows with only 22 days of net outflows since its inception in January.
The Growing Institutional Interest in Bitcoin
This development signifies a noteworthy trend in the increasing participation of traditional financial institutions within the cryptocurrency landscape. Fidelity’s potential ascension into the ranks of the top Bitcoin holders is emblematic of the broader institutional embrace of Bitcoin, with holdings mainly derived from its US-based ETF and custody services.
List of Top Bitcoin Holders
Among the top Bitcoin holders, major players such as Coinbase and Binance dominate the landscape. Notably, the unspent Coinbase rewards from 2009 lead the rankings with over 1 million BTC. Another significant holder, MicroStrategy, has seen its holdings recently outpaced by BlackRock’s IBIT ETF, which currently holds 365,310 BTC.