Bitcoin Rich List 2025: Who Holds the Most BTC This Year?

The ownership map of Bitcoin in 2025 reveals a mix of concentration and quiet decentralization. Exchanges top the list, with Binance and Robinhood holding the largest BTC wallets. Strategy leads corporate holdings with nearly 600,000 BTC.

Exchanges Dominate the List

The exchange giants are the largest holders of Bitcoin in 2025. According to Glassnode BTC wallet data and trackers like BitInfoCharts and CoinCodex, Binance's primary cold wallet holds around 248,600 BTC, roughly 1.25% of Bitcoin's circulating supply, valued at over $26 billion.

Next is the Robinhood cold wallet, holding about 140,600 BTC (~$15 billion). This address sees only occasional withdrawals, likely reflecting end-user flows rather than internal trading. It’s followed by Bitfinex's cold wallet, which stores about 130,010 BTC, though earlier counts placed it closer to 156,000 BTC.

These custodial wallets account for several of the largest BTC wallets in 2025, anchoring the infrastructure that supports billions in daily trading volume. Did you know? Exchange-held cold wallets use offline hardware devices to sign transactions without ever exposing private keys to the internet. This “air-gapped” setup makes them virtually hack-proof, even if online systems are compromised.

Institutional BTC Holdings: What You Need to Know

No corporate entity is more synonymous with Bitcoin accumulation than MicroStrategy, now rebranded simply as Strategy. By mid-2025, the firm had amassed about 597,325 BTC, spending over $42.4 billion with an average cost of $70,982 per coin.

That makes Strategy the largest public Bitcoin holder in the world by a wide margin. Nearly 92.5% of its balance sheet is now in BTC, a bold bet that continues to define corporate treasury strategy in crypto.

Pubically Traded Companies and Crypto Billionaires

Roughly 130 publicly traded companies have integrated Bitcoin into their balance sheets, holding a combined total of about 693,000 BTC, around 3.3% of all Bitcoin in circulation.

Tesla, with an estimated 11,509 BTC, quietly maintained under the now-legendary Elon Musk Bitcoin wallet. Block (8,584 BTC), GameStop (4,710 BTC), Semler Scientific (4,449 BTC) and XXI by Twenty One Capital (37,230 BTC), each holding BTC as part of broader asset diversification plays.

ETFs and Trusts: The New Players in the Game

Institutions have gone beyond direct purchases. ETFs and trusts now hold vast Bitcoin reserves on behalf of millions of investors:

  • The Grayscale Bitcoin Trust (GBTC) holds about 292,000 BTC, maintaining its spot among the most important custodians in the market.
  • BlackRock’s iShares Bitcoin Trust (IBIT), launched in 2024, has quickly captured market share and now manages roughly 274,000 BTC.

These Bitcoin ETF holdings have introduced a more regulated, familiar format for traditional investors, and they’ve done so at scale. Which countries hold the most Bitcoin? As of mid-2025, an estimated 529,000 BTC, about 2.5% of the total supply, is sitting in sovereign vaults, reshaping the geopolitical dynamics of digital currency.

United States Leads the Pack

The United States made headlines in March 2025 when President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve.

Sourced entirely from criminal seizures, this 207,189 BTC stash, worth over $17 billion, isn’t for sale. It’s a long-term asset, stored indefinitely as a kind of “digital Fort Knox.”

Richest Bitcoin Addresses: Who are the Top Crypto Billionaires?

While corporations and custodians dominate the biggest addresses, individual holders still command staggering BTC wealth.

Some are public figures. Others remain shadows on the blockchain.

Bitcoin's Ownership Remains Heavily Concentrated

Bitcoin's ownership remains heavily concentrated, but the story is slowly changing. The top 10 BTC wallets (excluding Nakamoto’s holdings) control about 1.1 million BTC, roughly 5.5% of the total supply.

The Shift to Mid-Tier Wallets

Zooming out, the top 100 addresses collectively hold about 2.9 million BTC, close to 14.7% of all circulating coins. However, the real shift is happening just below: Wallets holding between 100 and 1,000 BTC have grown significantly.

Bitcoin's Economic Base is Widening

Over the past year, these mid-tier addresses expanded from 3.9 million BTC to 4.76 million BTC. That’s a major uptick in crypto wealth distribution, signaling that small institutions, funds and even wealthy individuals are stacking sats more aggressively.

The Future of Bitcoin

Will companies like Strategy keep buying, or pivot as market conditions evolve? Will the largest BTC wallets of 2025 continue to grow or be redistributed?

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