Who is the 4th Richest BTC address?

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I knew that the number one Top100 Richest BITCOIN addresses was BINANCE's Cold Wallet, but a few minutes ago I discovered that he also owns the fourth richest.
And how has that been?
Well, this address bought nothing more and nothing less than 43000 BITCOIN on the 4th of this month...yes, yes, before the last price drop (LoL).
The specific address corresponds to an address in which BINANCE publicly announced on Twitter, to promote its transparency, that it was going to be used to create the BTC token within the BSC Chain "We have just reserved 9001 BTC and minted 9001 BTCB"
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Now, anyone can go to the https://explorer.binance.org/asset/BTCB-1DE and realize that this token, within the BSC chain, has a supply of 13001 BTCB, not one more, not one less...

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How many BTC does the fourth wallet have?
So, in theory, BINANCE only would need 13001 BTC in order to maintain the supply of 13001 BTCB, but looks like they have a little more:

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116,601BTC ($5,046,633,508)

I have not the slightest idea why they are using this address as COLD-WALLET now... the thing smells a bit bad to me although I am not going to express what goes through my head now. At the end of the day, Ttey are free to do whatever they want with their wallets and their BTC.

They have not stopped accumulating BTC since its inception and they have not sold a single one. It has become the 4th richest BTC address and together with the 1st top BTC Address, which is also known that the owner is BINANCE, add up 382,051 BTC in total or 2% of the total BTC supply.

The amount that BINANCE has in BTC is immense and I suspect we only see the tip of the iceberg here. I only hope this CEX is not the Achilles heel of the entire blockchain industry.

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3 comments
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I believe sooner than later Bitcoin will decouple from the rest of the market and it will be due to altcoin projects development and nothing more. At some point we will see alts doing their thing while Bitcoin will do its thing.

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This has been an issue that is included in arguments to defame btc. As you said, anyone is free to own and use tokens how they want but it is always grey when a CEX is controlling more than 2% of the token supply.

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They will use BTC as pegged for BUSD or some other collateral where cahs is needed. Maybe it is better that those BTC will remain in the wallet and not on the market.

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