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Coinbase becomes world’s largest Bitcoin holder with $25 bln in reserves

2min Read

Coinbase’s colossal Bitcoin holdings, unveiled by Arkham Intelligence, challenge crypto’s status quo. With over 1 million BTC and regulatory uncertainties, it’s a fascinating cryptocurrency tale.

Unlocking the Bitcoin vault: Inside Coinbase's massive holdings

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  • It was found Coinbase currently owns 5% of Bitcoin in circulation.
  • Bitcoin on exchanges has declined to almost a six-year low.

According to recent data from Arkham Intelligence, Coinbase has been recognized as the world’s largest Bitcoin [BTC] entity. Just how much is its holdings?

How much are 1,10,100 BTCs worth today

Analyzing the Coinbase Bitcoin holdings

Arkham Intelligence has reported the discovery of millions of Bitcoin deposits and holding addresses linked to Coinbase. The data further revealed that these addresses collectively contained over 1 million Bitcoins, with a total estimated value exceeding $25 billion.

Also, the holdings in these wallets accounted for 5% of the entire circulating Bitcoin supply. This solidified Coinbase’s position as the largest entity in the Bitcoin ecosystem.

Additionally, Arkham Intelligence pointed out that the actual volume of Bitcoin held by the exchange could potentially be even higher, given the presence of unlabeled addresses associated with Coinbase that have yet to be fully accounted for.

Bitcoin’s current supply and market cap

As per data provided by CoinMarketCap, the current circulating supply of Bitcoin stands at more than 19.4 million. At the time of this report, the corresponding market capitalization has surged past $518 billion, constituting nearly half of the total cryptocurrency market capitalization.

When factoring in Coinbase’s extensive holdings, it becomes evident that Coinbase possesses a remarkable 5% of the market value of almost half of the entire cryptocurrency market.

BTC supply on exchanges

Despite Coinbase’s substantial holdings and its position as one of the world’s largest exchanges, there has been a significant decrease in the supply of Bitcoin on exchanges.

According to data from Santiment, the amount of BTC held on exchanges was approximately 1.1 million as of this writing. Also, a closer examination of the chart reveals not only a decline but also a record low in nearly six years. 

 Is your portfolio green? Check out the BTC Profit Calculator

Additionally, this low supply level has not been seen since around November 2018. The current data suggests that exchanges are currently holding approximately 5.8% of the total Bitcoin supply.

Bitcoin supply on exchanges

Source: Santiment

This decline in BTC supply on exchanges could be interpreted as a bullish signal. But it may also be influenced by regulatory uncertainties surrounding Coinbase and other exchanges.


Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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