According to Arkham Intelligence analysts, crypto exchange Coinbase holds nearly 1 million BTC, representing approximately 5% of all Bitcoins in circulation.
In addition, according to the analyst firm, the trading platform's reserves amount to as much as $25 billion, with almost 5% of all existing BTC.
It is worth noting that the crypto's anonymous creator, Satoshi Nakamoto, owns about the same amount of coins, analysts have said.
According to Arkham Intelligence:
"Based on their most recent financials, Coinbase likely has thousands more BTC not yet labeled."
Earlier this month Coinbase CEO Brian Armstrong called Bitcoin the "most important" crypto, while confirming the exchange's decision to integrate the Lightning Network micropayment network.
Despite Coinbase has more than $25 billion in BTC in its wallets, the platform "only" owns about 10,000 of all Bitcoin ($200 million).