Bitcoin is a digital asset and payment system with a market capitalization of around $2.01 trillion as of Dec. 5, 2024. It is considered by many to be one of the most successful digital currencies ever created. On Dec. 5, 2024, the cryptocurrency traded at more than $104,000.
Bitcoin’s stratospheric rise since 2009 has created a surprising and diverse set of millionaires (and billionaires). But who owns the most bitcoin? It is tough to say who owns the most bitcoin, as wallet addresses are anonymous if they are not associated with the account owner’s name. The only way to tell is if the owner has publicized their holdings.
The following is a list of entrepreneurs or investors who have accumulated the most net worth derived from Bitcoin—at least according to public knowledge. Many bitcoin holders have made their wealth by creating products to grow Bitcoin’s still-nascent ecosystem. For example, some have created exchanges for trading cryptocurrency and the derivatives that have emerged from it.
Key Takeaways
- Launched in 2009, Bitcoin was the first and remains the most successful blockchain-based cryptocurrency in the world.
- The price of Bitcoin is volatile, ranging from under $10 in 2010 to trade at more than $104,000 on Dec. 5, 2024.
- Most top Bitcoin billionaires became rich by creating products and services to grow the cryptocurrency ecosystem.
- This overall price increase has also created millions for people who bought and held their bitcoins. These early adopters hoped for a lucrative opportunity, started accumulating or mining in the early days, and held on.
Changpeng Zhao (CZ)
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Changpeng Zhao founded Binance, the world’s biggest cryptocurrency exchange by trading volume. According to Forbes, Zhao’s net worth was $67.8 billion in June 2024.
Zhao, who immigrated to Canada at the age of 13 from China, came to Bitcoin via a poker game with friends. He went all-in on cryptocurrencies thereafter, even selling his apartment for Bitcoin in 2014. Binance, which was started in 2017, handles transactions that run into billions of dollars on a daily basis. While it may not be as well-known as Coinbase to U.S. customers, Binance is bigger and offers more coins and derivatives to customers than its main competitor.
The exchange’s nimble ascent has taken a toll on its regulatory standing. It is under regulatory scrutiny in some financial jurisdictions and has been forced to operate without a headquarters.
Brian Armstrong
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Brian Armstrong founded Coinbase, North America’s biggest cryptocurrency exchange by trading volume. He co-founded the exchange in 2012 after quitting his job as a software engineer at Airbnb. Armstrong reportedly has a 19% stake in Coinbase and was estimated to be worth $14.7 billion by Forbes in December 2024.
Due to its easy-to-use interface and credibility, Coinbase is considered the gateway for retail investors to join the crypto ecosystem. The exchange has suffered many hiccups, such as halts in trading while attempting to scale operations amid crypto volatility. The exchange went public in April 2021 and had a total market capitalization of $82.78 billion at the close of trading on Dec. 5, 2024. Armstrong said he started Coinbase because he wanted the world to have a “global, open financial system that drove innovation and freedom.”
Michael Saylor
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Bitcoin has attracted numerous unconventional investors over the years. None, however, has the zeal and enthusiasm of Michael Saylor, CEO of software firm MicroStrategy Inc. (MSTR). The firm began acquiring the cryptocurrency in August 2020 by snapping up $250 million in bitcoin. At that time, the firm said it was buying the cryptocurrency to better use the cash holdings on its balance sheet.
Over time, Saylor has become a fierce supporter of Bitcoin and has appeared at news and cryptocurrency conferences to evangelize its benefits and use cases. By December 2021, MicroStrategy had increased its holdings in Bitcoin to $3.5 billion, swooping in to buy the cryptocurrency during price dips.
In August 2021, the District of Columbia filed charges against Micheal Saylor and Microstrategy for failing to pay personal income taxes. The charges were amended in May 2023 to reflect allegations that both the company and Saylor made and used false withholding statements. In May 2024, while not admitting guilt, Saylor paid $40 million to the District to settle the case.
In December 2022, Microstrategy again made a purchase, adding 2,500 more bitcoins to its holdings. The company continues purchasing the cryptocurrency, and as of Dec. 5, 2024, it held about 402,100 bitcoins—worth about $40 billion.
Forbes estimates Saylor’s net worth to be $10.2 billion.
Giancarlo Devasini
Giancarlo Devasini is an entrepreneur and former plastic surgeon who developed an interest in cryptocurrency. He serves as the chief financial officer for the cryptocurrency exchange Bitfinex and Tether, the popular stablecoin.
Devasini started his career in technology after deciding that medicine was not the path he wanted to take. He started a business, began importing computer parts, and grew his company. After retiring, he became interested in cryptocurrency, met the founder of Bitfinex in 2012, helped him grow the exchange, and has been involved in crypto ever since.
Forbes estimated that Devasini owns an approximate 47% stake in Tether and is worth about $9.2 billion.
Chris Larsen
Cris Larsen is another well-known figure in the cryptocurrency arena, having co-founded Ripple. He is still the executive chairman of the company. Before cryptocurrency emerged, Larsen co-founded the online mortgage lender e-Loan, which was later sold to Yahoo.
Larsen, referring to cryptocurrency and blockchain, told Forbes, “The internet of value is more than just laying out a new way of doing finance. I think, fundamentally, this represents the final step in globalization.”
Forbes placed Larsen’s worth at $4.0 billion in December 2024.
Who Is the Richest Crypto Billionaire?
According to the Forbes Real-Time Billionaires List, Changpeng Zhao, founder of cryptocurrency exchange Binance—is estimated to be worth $33 billion, making him the wealthiest person in cryptocurrencies.
Who Is the Highest Owner of Bitcoin?
The anonymous developer of Bitcoin, Satoshi Nakamoto, is rumored to hold more than 1 million bitcoins. However, this cannot be proven due to the pseudonymous nature of cryptocurrency. As of December 2024, Micheal Saylors’s Microstrategy holds 402,100 BTC.
How Many People Own 1 Bitcoin?
There really is no way to know how many people own 1 BTC, as you can have multiple addresses. However, BitInfocharts tracks addresses and associated BTC balances—on Dec. 5, 2024, 3,494,128 addresses own between 0.1 and 1 BTC.
The Bottom Line
As cryptocurrencies became popular, the number of people making billions off the new asset class increased. Crypto billionaires are a motley bunch—some have made their billions by providing products and services to the emerging ecosystem, while others have generated profits by taking advantage of crypto volatility.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own cryptocurrency.
