crypto exchangeWagner Group founder Prigozhin may hold nearly 100,000 BTC

Wagner Group founder Prigozhin may hold nearly 100,000 BTC

According to foreign media reports, Prigorzhin, the founder of the Russian private military contractor Wagner Group, controls one of the largest cryptocurrency wallets. The wallet is said to hold about 100,000 bitcoins (worth about $2.6 billion at current prices), about 70 percent of which are stored in cold storage, with the remainder appearing to be held on cryptocurrency exchanges Binance and BTC-W between.

To put that in perspective, the third-largest Bitcoin wallet currently holds 118,300 BTC, and the fifth-largest wallet holds 94,643 BTC. So if Prigorzhin does hold 100,000 bitcoins, he would be among the top five bitcoin holdings.

While there is no concrete evidence that Prigozhin was involved in cryptocurrency transactions or had such a large wallet, circumstances suggested his potential interest in digital assets, the report said.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

OKX Appoints Linda Lacewell as Chief Legal Officer Amid Regulatory Challenges

Cryptocurrency exchange OKX has named Linda Lacewell as its...

Blockchain Association CEO Kristin Smith to Lead New Solana Policy Institute

Kristin Smith, the longtime CEO of the Blockchain Association,...

BlackRock Expands into Europe’s Cryptocurrency ETP Market with Bitcoin Strategy

BlackRock has officially entered Europe's cryptocurrency exchange-traded product (ETP)...

Dogecoin Price Surges Following Launch of Official Dogecoin Reserve

Dogecoin's price surged by more than 5% following the...

BlackRock Launches iShares Bitcoin ETP in Europe with Competitive Fee Structure

BlackRock is set to launch its iShares Bitcoin Exchange-Traded...

FOMC Rate Review Poised to Stir Crypto Market Volatility

The Federal Open Market Committee (FOMC) is set to...