Binance cold wallet holds nearly 250,000 Bitcoin, ranking first

MARA: MARA is a publicly traded Bitcoin mining company operating multiple facilities in North America. It appears in the news among the notable public-company Bitcoin holders tracked by Arkham. Arkham: Arkham is a blockchain analytics platform that labels and groups crypto addresses into entities to reveal ownership patterns and holdings across the ecosystem. The provided research originates from Arkham's team, which used its tagging methods, including the Patoshi Pattern for Satoshi Nakamoto, to produce the rankings of top Bitcoin wallets and entities. SpaceX: SpaceX is a space exploration and technology company that recently became publicly traded and maintains Bitcoin in its corporate treasury. Arkham data places it among the largest BTC-holding public companies. Tether: Tether issues the USDT stablecoin and maintains Bitcoin reserves as part of its operations and backing strategy. Arkham lists it among the largest private-company Bitcoin holders based on verified on-chain wallets. Binance: Binance operates one of the world's largest cryptocurrency exchanges, providing trading, custody, and related services for digital assets including Bitcoin. In the news, it controls the single largest individual Bitcoin wallet, a cold storage address holding nearly 250,000 BTC that ranks among the top four exchange-controlled wallets overall. Coinbase: Coinbase runs a major cryptocurrency exchange and custody platform that holds Bitcoin on behalf of clients as well as for its own operations and treasury. It ranks as the top exchange entity for Bitcoin holdings in the Arkham data and serves as custodian for multiple other large holders including Grayscale products. Strategy: Strategy, formerly known as MicroStrategy, is a publicly traded business intelligence company that has adopted Bitcoin as its primary treasury reserve asset. The news ranks it as the third-largest BTC-holding entity overall, noting that a significant portion of its holdings sits with custodian Fidelity. Block.one: Block.one is a private technology and investment firm known for developing the EOSIO blockchain software. It is identified in the news as the largest private-company Bitcoin holder according to Bitcoin Treasuries data, though its holdings are not fully verified on-chain. Metaplanet: Metaplanet is a Tokyo-listed company that has positioned Bitcoin as its main treasury reserve asset to hedge against yen depreciation. The news includes it among the leading public-company Bitcoin holders. Michael Saylor: Michael Saylor leads Strategy as its executive chairman and has directed the company's Bitcoin acquisition strategy since 2020. The news highlights his company's position as the third-largest BTC-holding entity overall, with holdings tracked separately from custodian wallets. Satoshi Nakamoto: Satoshi Nakamoto is the pseudonymous creator of Bitcoin who mined a substantial portion of the early supply through a known pattern of blocks. Arkham identifies this entity as the largest overall Bitcoin holder by grouping addresses linked to the original mining activity. Entity Grouping: Arkham groups multiple addresses controlled by the same organization or individual into single entities to provide a more accurate view of total holdings than individual wallets alone. Custody Practices: Large Bitcoin holders including exchanges and public companies frequently use cold wallets and third-party custodians such as Fidelity for security and operational reasons. Government Holdings: Several national governments maintain verified Bitcoin holdings recovered from seizures or acquired through other means, with the United States holding the largest reported amount.