US cryptocurrency company Coinbase holds about 5% of the bitcoin market supply.
According to the Arkham platform, the exchange controls 947,755 BTC. The total value of the cryptocurrency held in Coinbase wallets exceeds $25 billion.
Arkham analysts note that approximately the same amount of bitcoins are stored by the legendary creator of the first cryptocurrency, Satoshi Nakamoto.
Coinbase’s largest cold wallet holds about 10,000 BTC. Researchers found that nearly 1 million BTC is hosted at 36 million addresses.
Coinbase is among the largest holders of bitcoin. It also includes software developer MicroStrategy, which holds 152,800 BTC.
The IT giant’s CEO Michael Saylor recently said that his team will continue to hoard the cryptocurrency and will not sell it even if prices go down.
Santiment found that wallets with balances between 100 and 100,000 BTC control up to 55.52% of the cryptocurrency’s market supply.
Another group of bitcoin holders, whose wallets hold up to 100 BTC, accumulated just over 41% of the digital currency’s turnover, the analysts emphasized.