Coinbase Becomes the Largest Bitcoin Entity Globally on Arkham

Coinbase Becomes the Largest Bitcoin Entity Globally on Arkham

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Coinbase holds $25 Billion worth of Bitcoin, as per a recent update by Arkham.
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The crypto exchange reportedly became the largest Bitcoin holder with one Million Bitcoins.
The blockchain intelligence platform, Arkham, has recently revealed that the U.S.-based crypto exchange, Coinbase, holds $25 Billion worth of Bitcoin (BTC). On September 22, 2023, Arkham shared on X (formerly Twitter) about the update. It wrote, “$25 Billion of Coinbase BTC reserve is almost $1 Million BTC on chain.”
Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain.
This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence – about as much as Satoshi Nakamoto. pic.twitter.com/7sDOczS7WT
— Arkham (@ArkhamIntel) September 22, 2023
Current BTC Holdings of Coinbase
According to Arkham analysis, it has identified and tagged more than 36 Million BTC deposits and holding addresses used by Coinbase. On

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