Arkham: Coinbase is the largest Bitcoin-holding entity, holding a Bitcoin reserve worth $25 billion

ChainCatcher news, the on-chain data platform Arkham stated on social media that it has confirmed an on-chain Bitcoin reserve of $25 billion for Coinbase (approximately 1 million Bitcoins). This makes Coinbase the largest Bitcoin holding entity in the world, owning nearly 5% of the total Bitcoin supply, almost as much as Satoshi Nakamoto.

Arkham reported that it has identified and tagged over 36 million Bitcoin deposit and holding addresses used by Coinbase, with its largest cold wallet containing approximately 10,000 BTC. According to their latest financial data, Coinbase may still have thousands of Bitcoins that have not yet been tagged.