In 2025, Bitcoin’s ownership structure has become more layered and strategic. From exchange giants and corporate treasuries to sovereign reserves and early adopters, the distribution of BTC reveals both centralized wealth and growing mid-tier participation.
Largest Bitcoin Wallets in 2025: Exchanges Lead the Pack
At the top of the rich list are cold wallets managed by crypto exchanges, used to safeguard user funds and platform liquidity.
- Binance holds the largest known wallet, with 248,600 BTC, representing over $26 billion in value.
- Robinhood follows with 140,600 BTC, while Bitfinex maintains roughly 130,000 BTC.
- Binance also holds a secondary cold wallet containing 115,000 BTC.
These exchange-held wallets represent more than 5% of total BTC supply, making them key players in daily liquidity and market structure.
Strategy (MicroStrategy) Holds the Most Bitcoin Among Companies
Rebranded as Strategy, the firm has aggressively accumulated 597,325 BTC by July 2025. The company invested over $42 billion, with an average entry price of $70,982 per coin.
Other notable corporate holders include:
- Tesla: ~11,509 BTC
- Block (Square): ~8,584 BTC
- GameStop: ~4,710 BTC
- Metaplanet: ~15,555 BTC, with a goal to reach 210,000 BTC by 2027
Strategy now holds the largest corporate treasury in Bitcoin history, signaling strong institutional conviction.
Bitcoin ETFs and Sovereign Holdings Are Rising
Major ETF custodians have grown significantly:
- Grayscale Bitcoin Trust: ~292,000 BTC
- BlackRock iShares Bitcoin Trust: ~274,000 BTC
On the government side:
- The United States leads with 207,189 BTC, held as a “Strategic Bitcoin Reserve”.
- China holds an estimated 194,000 BTC, mostly seized in past crypto crackdowns.
- Other sovereigns include the UK (61,245 BTC), Ukraine (46,351 BTC), and El Salvador (6,229 BTC).
Bitcoin Billionaires and Dormant Whales
- Satoshi Nakamoto remains the largest individual holder, with nearly 1.1 million BTC untouched since 2010.
- Winklevoss twins: ~70,000 BTC
- Tim Draper: ~30,000 BTC
- Michael Saylor (personally): ~17,732 BTC
Meanwhile, the mysterious wallet 1Feex…sb6uF holds ~79,957 BTC, frozen due to early exchange exploit suspicions.
Conclusion: Power and Participation in Bitcoin’s Future
Bitcoin’s ownership in 2025 reflects a concentrated top tier but a rapidly growing middle class of holders. Institutional adoption, sovereign reserves, and retail interest are creating a dynamic, evolving ecosystem. As regulation matures and ETFs gain traction, Bitcoin’s power map is diversifying, one wallet at a time.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.