Coinbase owns 1 million bitcoin valued at $25 billion
#plebchain
#bitcoin
Discussion
Guessing this is everyone else's coins, since they never used to have any themselves
Cryptocurrency analysis firm Arkham disclosed that it has identified the Bitcoin reserve wallets of Coinbase, one of the world’s leading cryptocurrency exchanges. According to Arkham, Coinbase owns approximately 1 million BTC, valued at over $25 billion. This makes Coinbase the world’s largest known Bitcoin holder.
https://www.coinbase.com/blog/how-crypto-companies-can-provide-proof-of-reserves
Proof of reserves is a way to verify that a platform holds enough assets to match their users’ deposits. That way, if a user wants to withdraw their assets, they know they’ll actually get them back.