Crypto News

Who owns the world's 3rd largest Bitcoin wallet?

A newly created wallet address has been accumulating Bitcoin over the past few months, becoming the world's third largest "whale" after Binance and Bitfinex. Who is the owner of this wallet?

In the past three months, a “whale” has quietly collected $3 billion in Bitcoin, making this wallet the third largest BTC holder in the world. Leading to the community being extremely curious about the real identity behind the wallet. According to BitInfoCharts data , the first transactions were made on May 9, 2023. Over the next three months, the wallet owner continued to accumulate Bitcoin, bringing his holdings to 118,300 BTC by August 28.

With a value of $3 billion, this is the third largest Bitcoin wallet in the world. It is only behind Binance and Bitfinex, which are worth $6.4 billion and $4.3 billion, respectively. According to Arkham Intelligence, this wallet is owned by Robinhood – a financial trading platform that has long been involved in the crypto market. It seems that Arkham is very confident in its judgment when it not only labels but also links to Robinhood’s website and social networks on this wallet address.

Speaking to CoinDesk , Arkham also revealed that Jump Trading is the entity responsible for monitoring and custody of that Bitcoin for Robinhood. However, not everyone has the same answer as Arkham. According to market observer Wu Blockchain , the Gemini exchange is the owner of the wallet. But it is unclear what basis Wu has for making such a judgment.