The World’s Top Bitcoin Holders in 2025
Bitcoin’s largest wallets are now a mix of early holders, public companies, exchanges, investment funds, and state-controlled wallets.
It is simple economics when something is limited and people want it, its price tends to rise. Bitcoin follows that logic. There are only 21 million coins from the last bitcoin halving, and demand keeps growing. In 2025, Bitcoin crossed multiple all-time highs, with its current one being over $122,000 per coin. But what’s different this time is who’s buying. It’s no longer just individual investors or early adopters. Now, you’ve got companies, funds, and even countries holding serious amounts of Bitcoin. Its price swings are also less extreme than before. Where Bitcoin used to be known for 50% drops and spikes, volatility has eased closer to 35% now, which makes it a bit easier for big players to hold without panicking. So naturally, people are asking: who actually holds the most Bitcoin today? Which companies, investment funds, or governments have the largest stashes of BTC in 2025? Let’s take a look at the biggest holders right now.
The World’s Top Bitcoin Holders in 2025
1. Satoshi Nakamoto – ~1.1 million BTC (~5.2% of total supply)
At the top of the list is Bitcoin’s anonymous creator, holding about 5.2% of the entire Bitcoin supply. This amounts to around 1.1 million BTC locked in wallets that haven’t moved since Bitcoin’s early days, according to on-chain data. These coins remain untouched, adding to the mystery of who—or what—Satoshi Nakamoto actually is.
2. BlackRock iShares Bitcoin Trust (IBIT) – ~717,000 BTC (~3.4% of total supply)
Betting on broader adoption to steady Bitcoin as an asset, improve price discovery, and increase overall liquidity, BlackRock’s IBIT has quietly built one of the biggest BTC stashes in the world. According to BlackRock’s latest filings, IBIT now holds over 717,000 BTC, representing around 3.4% of all Bitcoin in existence. These assets are held to back the IBIT ETF, aimed at giving institutional investors regulated exposure to Bitcoin while helping stabilize the asset through better price discovery and liquidity.
3. MicroStrategy / Strategy – ~600,000 BTC (~2.85% of total supply)
No company leans harder into Bitcoin than MicroStrategy, though it now simply goes by Strategy. Currently, they've stacked nearly 600,000 BTC, pouring over $42 billion into their Bitcoin bet. With an average buy price hovering around $70,982, about 92.5% of everything the company owns is now tied up in Bitcoin. Safe to say, they’re all in.
4. Binance (Main Cold Wallet plus others) – ~360,000 BTC (~1.7% of total supply)
Leading the list of centralized exchanges is Binance, whose massive cold wallets hold roughly 360,000 BTC, about 1.7% of Bitcoin’s circulating supply. These custodial reserves are used to manage platform liquidity and safeguard user funds, with a total value exceeding $26 billion based on current prices.
5. Grayscale Bitcoin Trust (ETF) – ~292,000 BTC (~1.4% of total supply)
Grayscale’s Bitcoin Trust, one of the earliest institutional pathways into Bitcoin, still holds around 292,000 BTC, equivalent to about 1.4% of the total supply. Though newer ETFs like BlackRock’s IBIT have overtaken it in size, Grayscale remains one of the largest institutional holders of BTC to date. Its BTC holdings are locked to back shares of its fund, primarily targeting large investors who prefer indirect crypto exposure through traditional markets.
6. United States Government – ~207,189 BTC (~0.99% of total supply)
The US government currently holds over 207,000 BTC, roughly 1% of Bitcoin’s total supply of 21 million. These holdings are mostly the result of seizures from cases like Silk Road and various darknet investigations. While some coins are periodically auctioned off, a significant amount, like BTC, remains under government reserve.
7. China (State-Held/Seized) – ~194,000 BTC (~0.92% of total supply)
Despite cracking down on Bitcoin mining and trading, China holds about 194,000 BTC (approximately 0.92%) of the total supply. Like the US, these holdings are mostly from asset seizures and government interventions. Details remain limited, but blockchain tracking has confirmed several large wallets linked to Chinese authorities.
8. Robinhood (Cold Wallet) – ~140,600 BTC (~0.67% of total supply)
As one of the trading platforms popularly known for making stock investing accessible to everyday users, Robinhood surprisingly holds around 140,600 BTC in cold storage—roughly 0.67% of Bitcoin’s total supply. These are custodial holdings, securely stored across its wallets on behalf of its millions of users.
9. Bitfinex (Cold Wallet) – ~130,010 BTC (~0.62% of total supply)
Like Binance, Bitfinex’s Bitcoin holdings are primarily used for platform liquidity and safeguarding user funds. According to data from Cointelegraph, their cold wallets store around 130,010 BTC—roughly 0.62% of Bitcoin’s total supply—keeping Bitfinex consistently ranked among the largest wallet holders.
David Adubiina
Conclusion
While early adopters like Satoshi Nakamoto, MicroStrategy, and Binance are part of the top holders, Bitcoin ownership in 2025 isn’t limited to early investors. Big institutions like BlackRock, which only started accumulating heavily before the ETF approvals, now rank among the largest holders. Governments like the US and China also hold significant amounts, not from investing, but from seizures and legal cases.
In the end, Bitcoin’s largest wallets are now a mix of early holders, public companies, exchanges, investment funds, and state-controlled wallets, all shaping how Bitcoin’s supply is distributed today.
