Summary
TLDR: The wealthiest bitcoin holders often use multiple addresses with smaller balances to secure their holdings. While it’s hard to identify these holders, publicly available blockchain data can provide some insights. Many use singlesig addresses which may not offer the highest level of security, while others use multisig addresses with various quorums. Multisig generally provides better security than singlesig. Unchained offers a vault product with multisig and threshold security options for enhanced protection.
Key Points
1. Identifying the wealthiest bitcoin holders can be challenging, but the blockchain provides valuable information on transaction history and balances of all bitcoin addresses.
2. Wealthy entities holding large amounts of bitcoin may use a variety of custody structures, such as singlesig addresses utilizing SSS or MPC, or multisig addresses with different quorum structures.
3. While singlesig addresses are common among the top bitcoin holders, using multisig always offers a higher security ceiling and should be considered for entities holding significant amounts of bitcoin.