Binance’s cold wallet holds nearly 250000 Bitcoin ranking first

Binance holds the largest Bitcoin address on the blockchain, with a single cold wallet containing nearly 250,000 BTC as of July 4, 2026. This figure represents approximately 1.24% of Bitcoin’s circulating supply, making it a significant holding in the cryptocurrency market.

The address in question, 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, began receiving funds on October 18, 2018. It has recorded 5,531 inbound transactions, with the most recent deposit occurring around July 3, 2026. Notably, the wallet has not sent any outbound transfers since January 7, 2023, which is typical behavior for cold storage.

Binance is not just dominant in this regard; it also holds a second cold wallet at address 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6, which reportedly contains between 172,000 and 175,000 BTC. Together, the twelve largest Bitcoin addresses hold about 1.35 million BTC, or around 6.72% of the total supply.

The absence of outbound transfers suggests that Binance has not needed to tap this reserve to meet withdrawals, indicating a steady accumulation of user deposits. This could influence Bitcoin’s price dynamics if the holdings were ever liquidated. However, the large idle holdings might also restrict market liquidity given Bitcoin’s fixed supply.