According to TimechainIndex data, Fidelity is on the verge of breaking into the top 10 Bitcoin holders, needing just 22,000 BTC to surpass the US government's holdings. Fidelity currently ranks 11th with 182,757 BTC or 0.9248% of the total supply. In contrast, the US government holds 204,302 BTC, accounting for 1.0338% of the supply.
RankEntityBTC Supply Balance%1 Unused Coinbase Rewards 2009 (21,488 added)1,074,402.645746685.4368%2Coinbase (152,618 added)1,050,790.373366595.3173%3Binance (122,684 added)759,296.0 9148 7183.8422%4Unused Coinbase Rewards 2010 (11,597 added) 578,740.857650702.9286% 5BlackRock (IBIT) (772 added)365,310.380250681.8486%6Bitfinex (2,297 added)359,385.170001511.8186%7MicroStrategy (509 added)252,220.000 000001.2763%8Kraken (86,363 added)238,895.288249111.2089%9 Grayscale (GBTC) ( 3,080 added) .)219,945.293343051.1130%10US Government (125 added)204,302.344837191.0338%11Fidelity (FBTC) (623 added)182,757.082172030.9248%
As of this writing, Fidelity's holdings amount to approximately $11.1 billion. An additional $1.3 billion in inflows would put it in the top 10. On September 27th, there was a one-day inflow of $227 million. However, inflows and outflows have been largely flat over the past month, with only 22 days of net outflows since opening in January.
This shift highlights the increasing involvement of traditional financial institutions in the crypto market. The likelihood of Fidelity cracking the top 10 is indicative of broader trends in institutional adoption of Bitcoin. The company's holdings are primarily held through U.S. ETFs and custodial services.
Top Bitcoin holders include companies like Coinbase and Binance, which lead the list with more than 1 million BTC in unused Coinbase rewards in 2009. MicroStrategy is also a significant holder, but is overtaken by BlackRock's IBIT ETF, which holds 365,310 BTC.
