Top 10 Miners Dominate 94% of Hashrate and Hoard Over 55,000 BTC

A Closer Look at the Largest Bitcoin Mining Pools

As of today, the leading mining pools by block production include: Foundry, Antpool, ViaBTC, F2pool, MARA Pool, Spider Pool, SEC Pool, Luxor, Binance Pool, and Braiins Pool.

• Foundry leads with 30.88% of the worldwide hashrate. Its wallets currently hold 772.652 BTC (approximately $91.2 million), down significantly from over 2,000 BTC in March 2024. Foundry transacts most often with Coinbase.

• Antpool manages 20.49% of the global hashrate and holds 441.839 BTC (about $52.15 million), also using Coinbase as a key counterparty.

• ViaBTC controls 13.65% of the network and has 162.086 BTC (roughly $19.13 million). ViaBTC collaborates closely with Coinex, which it owns.

• F2pool accounts for 10.42% of hashrate, holding 495.322 BTC ($58.46 million). Its primary counterparties are Coinbase and Cobo.

• MARA Pool supplies 5.01% of Bitcoin’s computing power. In addition to acting as a mining pool, it maintains a substantial bitcoin treasury of 50,000 BTC — while its mining wallets specifically hold 11,034 BTC ($1.3 billion). Most of this is thought to be secured by NYDIG Custody, and MARA frequently interacts with Foundry.

• Spider Pool controls 4.22% of the network and holds 157.994 BTC ($18.65 million). It regularly transacts with Coinbase.

• SEC Pool has 3.24% of the hashrate and holds about 28.616 BTC ($3.38 million), with most of its activity tied to both Cobo and Coinbase.

• Luxor operates 2.71% of the total hashrate and holds 75.278 BTC ($8.91 million). It also routinely interacts with Coinbase.

• Binance Pool has 2.09% of the hashrate. Yet, its wallets contain a massive 41,919 BTC (valued at $4.96 billion) as tracked by Arkham.

• Braiins Pool (formerly Slush) rounds out the top ten with 1.49% of hashrate and 30.983 BTC ($3.67 million).

Collectively, these pools hold 55,117.77 BTC - currently worth about $6.52 billion.

Strategic Implications

The vast bitcoin holdings among these top mining pools underline their significance not just as network guardians but also as major long-term stakeholders in the Bitcoin protocol. Instead of consistently selling off their block rewards, many pools are strategically accumulating bitcoin, potentially for use as treasury reserves, collateral, or institutional leverage. Such sizable stashes position these miners as leading economic forces, deeply shaping Bitcoin’s financial landscape as it continues to evolve.