Who has the most BTC this year?

Key Points

The exchange list is topped by binance and Robinhood with the largest BTC wallet.
Strategic leadership companies hold nearly 600,000 BTC in corporate holdings.
Now, the United States has 207,189 BTC, which is the largest sovereign hiding place.
Mid-level wallets are growing, indicating wider adoption of BTC.

Who owns the most Bitcoin?

As of July 2025, Bitcoin has maintained a solid foundation. Daily inflow spot ETFs continued to surge and, supported by a significant decline in exchange reserves, demonstrated an increase in investor confidence and long-term accumulation.

But the mind that really caused this month suddenly shifted 20,000 BTC worth over $2.1 billion, two wallets not touched since 2011. Instead of sending its funds to the exchange, these dormant bitcoin wallets move to new, unidentified addresses.

As dormant coins wake up and heat up with ETF-driven demand, the key question is again ahead and center: Who has the most Bitcoin (BTC) in 2025? From exchanges and ETFs to companies and crypto billionaires, the latest Bitcoin Rich List for 2025 shows that the distribution of BTC Power is still shifting but still highly concentrated.

did you know? On July 7 alone, the U.S.-based Bitcoin ETF received a net inflow of $217 million, the third day in a row to conduct institutional purchases.

Switch giants: Top Bitcoin holders in 2025

At the top of the list of richest bitcoin addresses is not an individual, but a huge cold wallet run by cryptocurrency exchanges. These custodial reserves are used to manage platform liquidity and protect customer funds, and they dominate the superiors of all Bitcoin wallet ranking tools.

Binance’s main cold wallet currently has about 248,600 BTC, accounting for about 1.25% of Bitcoin’s revolving supply and is worth more than $26 billion.

It is the largest BTC wallet according to data from the Glass Section BTC wallet and trackers such as bitinfocharts and concodex. The wallet’s infrequent but significant transactions indicate long-term reserve management, not transactions.

Next is Robinhood Cold Wallet, with about 140,600 BTC (about $15 billion). The address will only be extracted occasionally and may reflect end-user flow rather than internal transactions.

The second is Bitfinex’s cold wallet, which stores about 130,010 BTC, although previous counts bring it close to 156,000 BTC. Apart from slight volatility, Bitfinex remains one of the top Bitcoin holders in 2025.

Other huge exchange custody wallets include:

Binance Cold Wallet #2: 115,000 BTC
Bitfinex Hack Recovery Wallet (now owned by the government): 94,600 BTC

These custodial wallets account for several of the largest BTC wallets in 2025, anchoring the infrastructure that supports billions of dollars in transaction volumes.

did you know? Exchange-Mand Cold Wallet uses offline hardware devices to sign transactions without the need to be exposed to private keys on the internet. Even if online systems are compromised, this “development” setting makes them almost hack-proof.

Institutional BTC Holding: What You Need to Know

Strategy (formerly a microcosm)

No corporate entity is more synonymous than Bitcoin accumulation, rather than microscopic, and is now renamed only as a strategy.

By mid-2025, the company has accumulated about 597,325 BTC and spent more than $42.4 billion, with an average cost of $70,982 per coin. This makes the strategy the largest public Bitcoin holder in the world with great profits. Now, nearly 92.5% of its balance sheet is in BTC, a bold bet continues to define corporate fiscal policy strategies in Crypto.

Other public Bitcoin holdings in 2025

In addition to the strategy, as of 2025, approximately 130 listed companies have integrated Bitcoin into their balance sheets, totaling approximately 693,000 BTC, or about 3.3% of all Bitcoins.

Well-known participants include:

Tesla has an estimated 11,509 BTC, quietly staying static under the current Elon Musk Bitcoin wallet.
Block (8,584 BTC), GameStop (4,710 BTC), Semler Scientific (4,449 BTC) and XXI Twenty-one Capital (37,230 BTC), each holding BTC as part of the game of broad asset diversification.
As of July 9, 2025, Metaplanet, an unexpected competitor from outside the tech sector, currently has 15,555 BTC and ambitious plans to accumulate 210,000 BTC by 2027.

ETFs and Institutional Trusts

Institutions go beyond direct purchases. ETFs and Trusts now represent millions of investors with a large reserve of Bitcoin:

These Bitcoin ETF holdings provide a more regulated, familiar format for traditional investors that they have already made on a large scale.

Which countries have the most Bitcoins?

As of mid-2025, an estimated 529,000 BTC (about 2.5% of the total supply) sit in sovereign vaults, reshaping the geopolitical dynamics of digital currencies.

In March 2025, Donald Trump signed an executive order to strategic Bitcoin reserves, making headlines in March 2025. This 207,189 BTC storage comes entirely from criminal seizures, worth over $17 billion in hiding.

This is a long-term asset that is stored indefinitely as a kind of “digital knox”. This move, by institutionalizing BTC’s role in national strategy, will place the United States as the top player in Bitcoin’s rich list in 2025.

Despite the ban on cryptocurrency trading in China, China is estimated to have an estimated 194,000 BTC, mainly due to its 2019 crackdown on the Plustoken scam. The coins are still dormant, but exist, proving that even in restrictive regimes, dormant bitcoin wallets can quietly shape the market.

Other sovereign holders include (as of July 8, 2025):

U.K: 61,245 BTC
Ukraine: 46,351 BTC, most of which donated in conflict
Bhutan: 11,924 BTC, generated by hydropower state mining
El Salvador: 6,229 BTC, its legal tendering strategy launched in 2021

By the way, sovereign Bitcoin reserves show that digital assets have become a strategic asset that shapes central bank policies and legitimizes the system of signaling around the world.

did you know? Georgia has one of the smallest official sovereign Bitcoin funds, about 66 BTC, worth about $8 million at its price today.

Richest Bitcoin Address: Who is the cryptocurrency billionaire?

Although companies and custodians dominate the largest addresses, individual holders still command the amazing BTC wealth. Some are public figures. Others are shadows on the blockchain.

At the highest position is Bitcoin elusive creator Satoshi Nakamoto. Since 2010, his (her or their) BTC wallet has an estimated 968,000 to 1.1 million BTC in BTC. This storage is the hiding place for almost all Bitcoins, like a sleeping giant. If it had ever been moved, the market would explode.

Next is the Winklevoss twins, which are estimated to hold about 70,000 BTC. As founders of Gemini and Voice Encryption Advocates, they are still one of the most obvious top crypto billionaires.
Venture capitalist and early Bitcoin supporter Tim Draper still holds about 30,000 BTC at the 2014 U.S. Marshal Auction. He has long predicted the price to be $250,000, but he still sticks to it.
Michael Saylor is a double holder through his company and individuals. In addition to the strategy’s massive hiding, Sail himself owns 17,732 BTC (as of August 2024), worth nearly $2 billion today.
A mystery remains: 1feexv6bahb8ybzjqqqmjjrccrhgw9sb6uf address, holding 79,957.26 BTC. It is believed to be associated with early exchange exploits and is currently frozen, but it is one of the richest bitcoin addresses ever.

BTC Whale Tracker: Onchain Wealth Distribution

Bitcoin ownership is still concentrated, but the story is slowly changing.

The top 10 BTC wallets (excluding Nakamoto’s holdings) control about 1.1 million BTC, accounting for about 5.5% of the total supply. Zoom in, the top 100 addresses collectively call it about 2.9 million BTC, accounting for nearly 14.7% of all revolving coins. These are largely exchange reserves, institutional holdings or high net worth bitcoin whales for 2025.

But the real shift is happening below: holding a wallet between 100 and 1,000 BTC is a big increase. Over the past year, these interim addresses have expanded from 3.9 million BTC to 4.76 million BTC. This is a major increase in the distribution of crypto wealth, indicating that small institutions, funds and even the rich are piling up more actively.

This trend is consistent with wider adoption, clearer regulations and improved visibility of BTC whale trackers. Although big players still dominate liquidity, Bitcoin’s economic base is expanding, which can stabilize price behavior over time.

Who owns the key to Bitcoin? From a cold wallet giant to a growing middle class

At the top, huge exchange cold wallets (binance, robinhood and bitfinex) are followed by strategies such as grayscale, agency vehicles such as sovereign defense ministry, and legends like the BTC address of nakamoto nakamoto.

Nevertheless, it is important to continue to change. More mid-level Bitcoin holders are entering the scene, while ETF liquidity and sovereignty reserves legitimize Bitcoin’s role in mainstream finance.

However, the problem remains:

Will the dormant wallet wake up?
Will companies like strategy continue to buy, or will they rotate as the market conditions develop?
Will the largest BTC wallets continue to grow or redistribute in 2025?

The answers to these questions will only be revealed in the next chapter of Encryption.

This article is for general information purposes and is not intended to be considered legal or investment advice. The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent Cointelegraph’s views and opinions.

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