Bitcoin Holder Ranking (Updated in 2025)

As of 2025, the distribution of holders of Bitcoin (BTC) has shown an institutionalized and centralized trend, while the number of individual holders is still in an early stage of growth. Here is a inventory of Bitcoin holders based on the latest data:

1. Global Bitcoin Exchange

Ouyi OKX:

Binance Binance:

Gate.io Sesame Opening:

2. Global Bitcoin Holding Overview

• Global Holding Rate: Only 4% of the population holds Bitcoin, with the United States having the highest holding rate (14%) and the lowest in Africa (1.6%).

• Institutional proportion: Listed companies hold 665,000 BTC, accounting for 3.17% of the circulation, an increase of 49.5% over 2024.

• The largest holding entities: exchanges (such as Coinbase, Binance), listed companies (such as MicroStrategy), governments (such as the United States), and anonymous whale storage packages dominate.

3. Ranking of the largest Bitcoin holders entity (2025)

Ranking	Holder	BTC quantity	Remark
1	Coinbase	1,051,650 pieces	The world's largest custodial exchange, with institutional client assets dominant
2	Binance	765,072 pieces	Mainly cold storage package storage, high security.
3	MicroStrategy	506,137 pieces	The largest holder of listed companies will continue to increase their holdings in 2025.
4	US Government	205,515 pieces	It mainly comes from seizures (such as the Silk Road, Bitfinex hacking case).
5	Bitfinex	359,687 pieces	Exchange cold storage package custody, Tether related.
6	Grayscale	628,932 pieces	Bitcoin Trust Fund, assets custodialized by Coinbase.
7	Satoshi Nakamoto	About 1.1 million	The early mining income has not been moved for a long time.
8	BlackRock	Data not disclosed	In 2025, institutional holdings increased significantly through spot ETFs.
9	El Salvador	2,791 pieces	The first Bitcoin filing country, with a fixed investment of 1 BTC every day.
10	Anonymous whale storage pack	100,000-250,000 pieces/address	Some are dormant for a long time, some are active transactions.

4. Key Trend Analysis

1. Institutions accelerate entry:

   • 84 listed companies hold BTC, with the top ten companies accounting for 94.5%, and MicroStrategy accounting for 76%.

   • Traditional asset management companies such as BlackRock and Fidelity indirectly increase their holdings through ETFs.

2. Exchange positions declined:

   • Holdings of centralized exchanges (such as Binance and Coinbase) continue to decline since 2022, and some have turned to cold storage packages or DeFi.

3. Government and compliance:

   • Governments such as the United States, El Salvador, and Ukraine hold BTC, which is partly used for reserve or payment experiments.

   • Supervision has become stricter, and licensed institutions (such as Coinbase, Binance) dominate the market.

4. Individual holder growth:

   • Only 4% of the world's population holds BTC, with the highest adoption rate in North America (14%) and the lowest in Africa (1.6%).

   • China's top holders (such as Zhao Changpeng and Sun Yuchen) are still centered on the founders of the exchange.

5. Risk and future prospects

• Liquidity risk: Exchange positions are concentrated, and large-scale withdrawals may cause market fluctuations.

• Regulatory uncertainty: The U.S. government may gradually liquidate seized BTC (such as Silk Road assets).

• Long-term scarcity: About 3.7 million BTCs are permanently lost, and the actual circulation volume is further reduced.

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