{"id":23642,"date":"2023-09-23T14:48:57","date_gmt":"2023-09-23T14:48:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-is-largest-bitcoin-btc-holder-in-the-world-arkham\/"},"modified":"2023-09-23T14:48:57","modified_gmt":"2023-09-23T14:48:57","slug":"coinbase-is-largest-bitcoin-btc-holder-in-the-world-arkham","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-is-largest-bitcoin-btc-holder-in-the-world-arkham\/","title":{"rendered":"Coinbase is largest Bitcoin (BTC) holder in the world: Arkham"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/coinbase-logo-bitcoin-btc-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/coinbase-logo-bitcoin-btc-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/coinbase-logo-bitcoin-btc-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/coinbase-logo-bitcoin-btc-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase\u2019s portfolio.<\/li>\n<li dir=\"ltr\">The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto.<\/li>\n<li dir=\"ltr\">Coinbase is thus the world\u2019s largest known Bitcoin entity, Arkham analysts said on X.<\/li>\n<\/ul>\n<p dir=\"ltr\">Blockchain intelligence firm Arkham has reported that\u00a0<a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a>\u00a0holds <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a> worth about $25 billion, making the cryptocurrency exchange the world\u2019s largest entity holding the flagship digital asset.<\/p>\n<h2 dir=\"ltr\">Arkham says Coinbase holds nearly 1 million BTC<\/h2>\n<p dir=\"ltr\">Arkham\u2019s\u00a0<a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1705254948324233270\" target=\"_blank\" rel=\"noopener noreferrer\">announcement<\/a>\u00a0on Friday was that it had identified nearly 1 million BTC on-chain for Coinbase reserves, with this making the US-based crypto behemoth \u201cthe largest Bitcoin entity in the world on Arkham.\u201d The holdings account for about 5% of all bitcoin in existence and means the exchange\u2019s BTC is nearly as much as that attributed to Bitcoin creator Satoshi Nakamoto.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain.<\/p>\n<p>This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence \u2013 about as much as Satoshi Nakamoto. <a href=\"https:\/\/t.co\/7sDOczS7WT\">pic.twitter.com\/7sDOczS7WT<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1705254948324233270?ref_src=twsrc%5Etfw\">September 22, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Coinbase is also reportedly home to 36 million deposit and holding addresses for BTC, one of which is a cold wallet with 10,000 BTC. There could be millions of other untagged assets, the intelligence platform noted.<\/p>\n<p dir=\"ltr\">\u201c<em>Arkham has identified and tagged over 36 Million BTC deposit and holding addresses used by Coinbase, with their largest cold wallet containing ~10K BTC. Based on their most recent financials, Coinbase likely has thousands more BTC not yet labeled<\/em>,\u201d Arkham posted on X.<\/p>\n<p dir=\"ltr\">Other than Bitcoin, the Coinbase portfolio also has 1.68 million Ethereum (ETH), 68.6 million Chainlink (LINK), nearly 223 million USD Coin (USDC) and 921,000 BNB (BNB). These assets contribute to Coinbase\u2019s crypto portfolio of over $29 billion, according to data on Arkham as of September 22.<\/p>\n<p dir=\"ltr\">Arkham\u2019s report comes as Coinbase expanded its services further with a regulatory approval in Spain. As CoinJournal\u00a0<a href=\"https:\/\/coinjournal.net\/news\/coinbase-secures-registration-with-the-bank-of-spain\/\">highlighted<\/a>\u00a0earlier today, the company has secured registration with the Bank of Spain to offer services as a crypto exchange and crypto custody wallet provider.<\/p>\n<p dir=\"ltr\">Official entry into Spain adds to Coinbase\u2019s regulatory milestones in Italy, Singapore, the Netherlands, Brazil and Canada. The exchange is also battling for regulatory clarity in the US.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/coinbase-is-largest-bitcoin-btc-holder-in-the-world-arkham\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase\u2019s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world\u2019s largest known Bitcoin entity, Arkham analysts said on X. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23642"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23642"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23643"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}