pull down to refresh
20 sats \ 10 replies \ @grayruby 6 Oct 2024 \ parent \ on: Coinbase's Talks With TradFi Firms Pick Up as Crypto Becomes More Bipartisan Politics_And_Law
Yes but they still have other confiscated Bitcoin.
How much are they holding?
reply
200k
reply
Making them #8 on the holder list behind Satoshi, Coinbase, Binance, BlackRock, FIdelity, Grayscale, and MicroStrategy. Eeking out over Bitfinex and Kraken who wold 196,504 and 172,106 BTC respectively!
reply
That much?1?!
reply
reply
They are double counting some coins....I dont know how accurate those numbers really are.
reply
Well the government number tracks and the general trend also seems correct. Given how we have seen the huge inflows in the ETFs
reply
It even says in that article that it was counting double on some coins depending on who owns them and where they are stored.
reply
Agreed it’s not perfect but I think it does give a sold reference. Coinbase is the place that would be doubled counted because of its custodial holding for BlackRock and Fidelity and how some coins the US government moves to sell are sent to Coinbase.
The US government: 198,955 Bitcoin worth $12.2 billion. The 8th largest holder
reply