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34xp4vrocgjym3xr7ycvpfhocnxv4twseo-bitcoin

From BitcoinWiki
Conceptual diagram separating an address balance, signing control, and beneficial ownership
Conceptual illustration of balance, control, and ownership as distinct claims.

34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo is a Bitcoin pay-to-script-hash address notable for its exceptionally large balance and its public association with Binance reserve disclosures. The address is public blockchain data; the private keys or signing policy controlling it are not public.

As observed on 22 August 2026, the address held approximately 248,597.5922 BTC. This figure, its transaction count, and its position in rich lists can change whenever a transaction is confirmed.[1]

History and activity

Explorer records date the address's first activity to 18 October 2018. It has received and sent large amounts over its lifetime, although the balance has remained near 248,597 BTC since its last substantial recorded outgoing activity in January 2023. Later incoming transactions include very small unsolicited transfers, sometimes called dust; their presence does not show that the controller initiated activity.[2]

Rich-list rankings are address-level snapshots rather than rankings of people or companies. A custodian may control many addresses, one address may hold assets for many customers, and smart custody arrangements may require several signers. Amounts sent to an address also should not be added together and described as the amount currently held.

Binance proof-of-reserves association

The address appeared in the Bitcoin address list supplied by Binance for agreed-upon procedures performed in December 2022. The resulting report described procedures comparing customer-liability data with assets observed at Binance-provided addresses at a specified snapshot time.[3] Later address-label datasets have continued to identify 34xp4v… as a Binance reserve or cold-wallet address.[4]

This evidence supports saying that Binance disclosed the address for reserve-verification purposes at those dates. It does not by itself prove that the entire balance is Binance corporate treasury, that Binance is the sole beneficial owner, or that the same control arrangement remains unchanged. Exchange reserve addresses commonly include assets held in custody for customers. Proof of reserves evidence also addresses on-chain assets only within its stated scope; it is not automatically a complete financial-statement audit or proof of all liabilities.

Address, controller, and beneficial owner

A Bitcoin address is an identifier for a spending condition, not a legal person. Three separate questions must be kept distinct:

  • on-chain balance — reproducible from the Bitcoin ledger at a stated block or time;
  • control — the ability to satisfy the address's spending condition; and
  • beneficial ownership — the person or entity legally or economically entitled to the assets.

An explorer can establish the first. Signed messages, documented custody arrangements, court records, audited disclosures, or comparable evidence may inform the other two. A third-party label alone is not conclusive proof.

See also

References

  1. mempool.space address explorer, accessed 27 August 2026; explorer snapshot includes confirmed balance and transaction data through 22 August 2026.
  2. BitInfoCharts address history, accessed 27 August 2026.
  3. “Binance Proof of Reserve Report”, 7 December 2022, address list and scope of agreed-upon procedures.
  4. ChainQuery, “Binance Proof of Reserves” source index, accessed 27 August 2026.