Top Bitcoin Holders 2025 From Exchanges to Nations
(Top Bitcoin Holders 2025) Discover who owns the most Bitcoin in 2025, from Binance and Robinhood to nations like the U.S. and crypto whales like Satoshi Nakamoto.
BTC Ownership in 2025(Top Bitcoin Holders 2025)
Exchanges Lead Bitcoin Holdings in 2025
Crypto exchanges dominate the list of largest BTC addresses in 2025. These wallets aren’t owned by individuals but serve as custodians of user funds, forming the backbone of liquidity.
- Binance’s main cold wallet holds 248,600 BTC, representing over 1.25% of Bitcoin’s supply—about $26 billion.
- Robinhood follows with approximately 140,600 BTC, reflecting secure storage rather than trading.
- Bitfinex’s wallet stores roughly 130,010 BTC, despite fluctuations from its previous 156,000 BTC.
- Additional exchange wallets:
- Binance’s secondary cold wallet: 115,000 BTC
- Bitfinex hack recovery (now under U.S. control): 94,600 BTC
Fig : 1.1 source: cointelegrapgh.com
Corporations and Institutional Holdings
MicroStrategy, now operating under the name Strategy, leads corporate BTC ownership. By mid-2025, it holds 597,325 BTC—purchased for $42.4 billion at an average of $70,982 per BTC. Bitcoin now accounts for 92.5% of Strategy’s assets.
Other notable public companies with Bitcoin on their balance sheets:
- Tesla: 11,509 BTC
- Block: 8,584 BTC
- GameStop: 4,710 BTC
- XXI by Twenty One Capital: 37,230 BTC
- Metaplanet: 15,555 BTC and aims for 210,000 BTC by 2027
In total, 130 public companies hold around 693,000 BTC or 3.3% of all BTC.
ETFs and Institutional Trusts Holding BTC
Institutional investment has exploded through regulated ETFs and trusts:
- Grayscale Bitcoin Trust (GBTC): 292,000 BTC
- BlackRock’s iShares Bitcoin Trust (IBIT): 274,000 BTC
These funds make BTC more accessible to traditional investors, further cementing Bitcoin’s place in mainstream finance.
Fig :1.2 source : cointelegraph.com
National Bitcoin Reserves
As of July 2025, sovereign holdings reached 529,000 BTC:
- United States: 207,189 BTC, held in a Strategic Reserve, sourced from seizures
- China: 194,000 BTC, seized from 2019 scams and still dormant
- United Kingdom: 61,245 BTC
- Ukraine: 46,351 BTC
- Bhutan: 11,924 BTC from hydro-based mining
- El Salvador: 6,229 BTC
- Georgia: 66 BTC, the smallest sovereign reserve
The U.S. move to institutionalize BTC has reshaped the geopolitical landscape of cryptocurrency.
Individual Crypto Billionaires and Major Wallets
While exchanges and corporations hold the largest wallets, private BTC holders still command substantial wealth:
- Satoshi Nakamoto: 968,000 to 1.1 million BTC, untouched since 2010
- Winklevoss Twins: 70,000 BTC
- Tim Draper: 30,000 BTC, acquired via a 2014 government auction
- Michael Saylor: Owns 17,732 BTC personally
- 1FeexV6bAHb8yb…: A mysterious wallet with 79,957 BTC, likely linked to historical exploits
Fig: 1.3 source: cointelegraph.com
BTC Wealth Distribution Trends in 2025 (Top Bitcoin Holders 2025)
Ownership is still concentrated but slowly spreading:
- Top 10 wallets (excluding Satoshi) control 1.1 million BTC (5.5%)
- Top 100 wallets hold 2.9 million BTC (14.7%)
However, wallets holding 100–1,000 BTC have surged—from 3.9 million to 4.76 million BTC in just one year. This indicates growing adoption among small institutions and affluent individuals.
The Road Ahead: Decentralization or Re-concentration?
Bitcoin’s ownership in 2025 reflects a maturing ecosystem. Exchange cold wallets and sovereign reserves anchor security, while ETFs broaden access. But it’s the rise of mid-tier holders that signals decentralization.
Key questions remain:
- Will dormant BTC wallets like Satoshi’s ever move?
- Will corporations continue to accumulate or rebalance?
- How will sovereign strategies evolve?
Only time will unveil the next chapter in Bitcoin’s ownership saga.