Who owns the most Bitcoin in 2025? The rich list revealed

Exchanges Hold the Largest BTC Wallets

Exchanges top the list, with Binance and Robinhood holding the largest BTC wallets. Strategy leads corporate holdings with nearly 600,000 BTC. The US now holds 207,189 BTC, the largest sovereign stash. Mid-tier wallets are growing, signaling broader BTC adoption. As of July 2025, Bitcoin remains on solid footing. Daily inflows into spot ETFs continue to surge, backed by a noticeable drop in exchange-held reserves, suggesting rising investor confidence and long-term accumulation.

Dormant Bitcoins and the Shifting Rich List

What really turned heads this month was a sudden move of 20,000 BTC, worth over $2.1 billion, from two wallets untouched since 2011. These dormant Bitcoin wallets didn’t send their funds to exchanges, but rather to new, unidentified addresses. With dormant coins waking up and ETF-driven demand heating up, the key question is once again front and center: Who owns the most Bitcoin (BTC) in 2025? From exchanges and ETFs to corporations and crypto billionaires, the latest Bitcoin rich list 2025 reveals a shifting but still highly concentrated distribution of BTC power.

Top Holders in 2025

At the top of the richest Bitcoin addresses list are not individuals, but the massive cold wallets run by crypto exchanges. Leading the pack is Binance’s primary cold wallet, which currently 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). It’s followed by Bitfinex’s cold wallet, which stores about 130,010 BTC. Other massive exchange-held wallets include Binance cold wallet #2 and the Bitfinex hack recovery wallet. These custodial wallets account for several of the largest BTC wallets in 2025, anchoring the infrastructure that supports billions in daily trading volume.

BTC in Corporate Hands and Sovereign Stashes

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. Aside from Strategy, roughly 130 publicly traded companies have integrated Bitcoin into their balance sheets, holding a combined total of about 693,000 BTC. Institutions have gone beyond direct purchases, with ETFs and trusts now holding vast Bitcoin reserves on behalf of millions of investors. As of mid-2025, an estimated 529,000 BTC is sitting in sovereign vaults, reshaping the geopolitical dynamics of digital currency.

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. However, the real shift is happening just below, with wallets holding between 100 and 1,000 BTC growing significantly. More mid-tier Bitcoin holders are entering the scene, signaling that small institutions, funds, and wealthy individuals are stacking sats more aggressively.