A wallet holding 26,081 BTC (about $3.09 billion) is linked to online broker Robinhood. Arkham Intelligence, an analytics platform, reports this.
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By coin count, the address ranks third after the wallets belonging to Binance and Bitfinex, which have amassed $6.4 billion and $4.3 billion in Bitcoin.
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Representatives of the platform told CoinDesk that asset custody on behalf of the company is provided by market maker Jump Trading.
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Arkham traced the ownership to Robinhood after the transfer of 118,300 BTC from other addresses over a three-month period. The first transactions were made on March 8, after which, up to July 14, subsequent transfers followed for larger amounts, according to BitInfoCharts.
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The wallet has drawn market attention in recent months, fueling various speculation about the identity of its owners. In the community, the address was linked to BlackRock and to Gemini.
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In the second quarter of 2023, Robinhood’s revenue from crypto-related activities on a year-over-year basis fell by 18.5% to $31 million. The company held $12 billion in cryptocurrencies on behalf of clients.