Binance cold wallet holds nearly 250,000 Bitcoin, ranking first
Arkham Intelligence data shows a Binance cold storage address sits atop Bitcoin's rich list, with a second Binance wallet not far behind
The single largest Bitcoin address on the blockchain belongs to Binance. According to Arkham Intelligence, a Binance cold wallet holds approximately 248,598 BTC as of July 4, 2026.
That works out to about 1.24% of Bitcoin’s circulating supply, parked in one address.
Inside the biggest wallet on the chain
The address in question is 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo. It first began receiving funds on October 18, 2018.
Since then, it has logged 5,531 inbound transactions. The most recent deposit landed on or around July 3, 2026, according to Arkham’s data.
Outbound activity tells a very different story. The wallet has not sent a single transfer out since January 7, 2023.
That pattern is typical of cold storage. A cold wallet keeps its private keys offline, away from internet-connected systems that hackers can reach.
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Binance holds more than one top spot
The top wallet is not Binance’s only entry near the summit. A second cold wallet linked to the exchange, at address 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6, reportedly holds between 172,000 and 175,000 BTC.
The broader leaderboard shows how top-heavy Bitcoin ownership looks at the address level. Arkham’s figures indicate the twelve largest Bitcoin addresses together hold about 1.35 million BTC, equal to around 6.72% of the total supply.
Why exchanges dominate the rich list
Binance’s cold wallets store customer funds offline, according to the research. The coins in that address largely represent deposits from many users, pooled together for safekeeping.
Cold storage is the industry’s standard answer to that risk. By keeping keys offline, exchanges reduce exposure to the remote attacks that have drained hot wallets over the years.
What this means for the market
The most notable detail here may be the silence. No outbound transfers since January 7, 2023 suggests Binance has not needed to tap this reserve to meet withdrawals.
The research notes that holdings of this size could influence Bitcoin’s price dynamics if ever liquidated. There is a flip side to all that stillness: according to the research, large holdings sitting idle could potentially restrict available market liquidity, particularly given Bitcoin’s fixed supply.
The steady stream of inbound deposits into the primary wallet, most recently around July 3, 2026, offers a rough read on user behavior. Continued inflows into cold storage imply customers are leaving coins on the platform rather than pulling them out.