Top 10 Bitcoin Holders as of 2025
Bitcoin remains the most valuable and widely recognized cryptocurrency, with a total supply of 21 million BTC. Over the years, individuals, institutions, and even governments have accumulated vast amounts of Bitcoin, making them some of the most influential players in the crypto market.
As of 2025, here are the top 10 Bitcoin holders, including private investors, corporations, and government entities.
1. Satoshi Nakamoto (1.1 Million BTC)
The mysterious creator of Bitcoin, Satoshi Nakamoto, is estimated to hold 1.1 million BTC, making them the single largest Bitcoin holder. These coins, mined during Bitcoin’s early days, have remained untouched, adding to the intrigue surrounding Nakamoto’s identity.
2. Binance (647,106 BTC)
As one of the world’s largest cryptocurrency exchanges, Binance holds over 647,106 BTC in custodial wallets for its users. While this Bitcoin technically belongs to Binance’s customers, the exchange controls these funds, making it one of the most significant holders.
3. Coinbase (1 Million BTC in Custody)
Another major cryptocurrency exchange, Coinbase, holds close to 1 million BTC on behalf of its customers. Like Binance, Coinbase’s Bitcoin reserves primarily consist of user deposits, which remain under the platform’s custody.
4. MicroStrategy (471,107 BTC)
MicroStrategy, recently rebranded as Strategy, is the largest corporate Bitcoin holder. Under former CEO Michael Saylor, the company adopted Bitcoin as its primary treasury reserve asset, continuously accumulating BTC over the years.
5. U.S. Government (205,515 BTC)
The United States government has emerged as a major Bitcoin holder due to numerous asset seizures from criminals and illicit activities. Many of these Bitcoin holdings were confiscated from darknet marketplaces and hacking operations, including the infamous Silk Road case.
6. Grayscale Bitcoin Trust (220,439 BTC)
Grayscale operates the largest institutional Bitcoin fund, allowing accredited investors to gain exposure to Bitcoin without directly holding the asset. The firm holds approximately 220,439 BTC, making it a key player in institutional Bitcoin investments.
7. Block.one (140,000 BTC)
Block.one, the company behind the EOS.IO blockchain, acquired 140,000 BTC as part of its cryptocurrency holdings. The company has maintained its Bitcoin reserves, strengthening its position in the digital asset space.
8. Winklevoss Twins (70,000 BTC)
Cameron and Tyler Winklevoss are among the largest individual Bitcoin holders. They reportedly invested heavily in Bitcoin in its early days, accumulating 70,000 BTC long before institutional adoption surged.
9. Fidelity’s FBTC Fund (178,191 BTC)
Fidelity’s Wise Origin Bitcoin Trust (FBTC) is one of the largest Bitcoin exchange-traded funds (ETFs), holding 178,191 BTC for investors. As institutional interest in Bitcoin grows, Fidelity’s holdings are expected to increase.
10. Marathon Digital Holdings (26,000 BTC)
Marathon Digital, one of the world’s largest Bitcoin mining companies, holds 26,000 BTC from its mining operations. The company continues to accumulate Bitcoin as it expands its mining infrastructure.
Conclusion
Bitcoin’s largest holders include a mix of early adopters, major corporations, financial institutions, and even governments. This diverse group of influential players not only demonstrates the widespread adoption of Bitcoin but also underscores the significant role that institutional and governmental entities are beginning to play in the cryptocurrency market.
