Satoshi Nakamoto remains the largest single holder, controlling about 1.1 million BTC, roughly 5.5% of the total supply. At current prices, that stake is worth around $75 billion, dwarfing many corporate and institutional holdings. Following Nakamoto in the rankings is the US-based exchange Coinbase, which holds 993,069 BTC on-chain, equivalent to 5% of the total supply. These funds represent a combination of client deposits and corporate reserves, including liquidity kept on hand to satisfy withdrawals.
Its rival, Binance, controls 661,000 BTC under custody, which accounts for 3.15% of the total supply. The institutional sector is also staking its claim. Arkham Intelligence data revealed that BlackRock is the largest institutional holder, with 761,801 BTC. This stash is worth around $52 billion.
ETF issuers and other asset managers such as Fidelity and Grayscale also maintain significant positions, though some of their holdings are routed through omnibus custodial accounts, which makes direct attribution slightly less transparent. For example, Fidelity Custody appears to hold 448,000 BTC. Meanwhile, some of Strategy’s corporate holdings, which total 715,000 BTC, are reflected on-chain under Fidelity due to their custodial method. Besides Strategy, other publicly traded entities, including mining firm MARA and Japanese firm Metaplanet, have also acquired meaningful stakes.
Leave a Reply