Bitcoin’s 2025 Power Map: Who Really Owns the Most BTC?

Uni24.co.za

   
Crypto NewsStudent ReadsEditor's Pick
Online CoursesBursaries for September 2025Uni Application Guides

Bitcoin’s 2025 Power Map: Who Really Owns the Most BTC?

From exchange cold wallets to national treasuries and billionaire holdings, Bitcoin’s 2025 wealth map reveals a powerful but evolving ownership structure.


Exchanges Still Dominate the Top Ranks

As of July 2025, crypto exchanges remain the largest single holders of Bitcoin. Their cold wallets, designed for security and long-term storage, anchor the ecosystem’s infrastructure.

  • Binance leads with 248,600 BTC, accounting for 1.25% of the total circulating supply—worth over $26 billion.

  • Robinhood follows with 140,600 BTC (~$15 billion), while Bitfinex holds 130,010 BTC, though past counts went as high as 156,000 BTC.

  • Other major custodial holdings include:

    • Binance Cold Wallet #2: 115,000 BTC

    • Bitfinex Hack Recovery Wallet (government-held): 94,600 BTC

These wallets are used to maintain liquidity and protect customer funds. Offline (air-gapped) storage methods make them virtually immune to hacking.

Did you know? On July 7 alone, US-based Bitcoin ETFs pulled in $217 million in net inflows, a third straight day of strong institutional buying.

Corporate Titans: Strategy Leads With Nearly 600K BTC

No corporate entity has gone deeper into Bitcoin than Strategy (formerly MicroStrategy). As of mid-2025, it holds 597,325 BTC, acquired at an average of $70,982 per coin—valued at over $42.4 billion.

See Also  Bitwise Launches Four Crypto ETPs on London Stock Exchange — UK Retail Investors Left Behind

That means 92.5% of Strategy’s balance sheet is now in Bitcoin. CEO Michael Saylor, who also personally owns 17,732 BTC, remains one of the most influential figures in crypto finance.

Other corporate BTC holdings include:

  • Tesla: 11,509 BTC

  • Block: 8,584 BTC

  • GameStop: 4,710 BTC

  • Semler Scientific: 4,449 BTC

  • XXI by Twenty One Capital: 37,230 BTC

  • Metaplanet (Japan): 15,555 BTC, with plans to grow to 210,000 BTC by 2027

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 Trusts and ETFs Control Nearly 600K BTC

ETF adoption has exploded. Leading the charge:

  • Grayscale Bitcoin Trust (GBTC): 292,000 BTC

  • BlackRock’s iShares Bitcoin Trust (IBIT): 274,000 BTC

These vehicles offer traditional investors exposure to Bitcoin without self-custody, reinforcing institutional legitimacy.


Sovereign Treasuries: The Rise of National Bitcoin Reserves

Governments now hold 529,000 BTC, about 2.5% of all Bitcoin in circulation.

United States leads with 207,189 BTC, seized from criminal activity and now stored as part of a Strategic Bitcoin Reserve. Signed into law by President Trump in March 2025, this move effectively made Bitcoin a national asset—worth over $17 billion.

Other national holdings:

  • China: 194,000 BTC (seized in 2019, mostly inactive)

  • United Kingdom: 61,245 BTC

  • Ukraine: 46,351 BTC (donated during conflict)

  • Bhutan: 11,924 BTC (mined via hydroelectric power)

  • El Salvador: 6,229 BTC (part of its legal tender initiative)

  • Georgia: 66 BTC, one of the smallest sovereign holdings

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.

Crypto Billionaires: Private Wallets Still Carry Massive Weight

Though exchanges and institutions dominate, individual wallets still matter.

  • Satoshi Nakamoto: ~1.1 million BTC, untouched since 2010

  • Winklevoss twins: ~70,000 BTC

  • Tim Draper: ~30,000 BTC, bought in a 2014 auction

  • Michael Saylor (personal): 17,732 BTC

  • Mysterious 1FeexV6b… address: 79,957 BTC, likely tied to early exchange exploits

See Also  Bitcoin, Ether ETFs See Historic $1.5B Inflow as Investors Rush In

If any of these wallets moved, especially Satoshi’s, the market would be rocked.


BTC Whale Tracker: Concentration vs. Decentralization

Ownership is still highly concentrated:

  • Top 10 non-Satoshi wallets: 1.1 million BTC (5.5%)

  • Top 100 addresses: 2.9 million BTC (14.7%)

However, mid-tier wallets are rapidly growing:

  • Wallets holding 100–1,000 BTC grew from 3.9 million to 4.76 million BTC over the past year.

  • This signals broader distribution among small funds, institutions, and wealthy individuals.


The Road Ahead: From Cold Wallets to Global Finance

The current BTC ownership landscape is a blend of:

  • Exchange cold storage giants

  • Corporate treasuries

  • ETFs and trusts

  • National reserves

  • Crypto billionaires

But the key trend is decentralization. More mid-tier holders are entering, legitimizing Bitcoin across financial sectors and national strategies.

As we look ahead, the market is watching closely:

  • Will dormant whales awaken?

  • Will Strategy and others keep buying?

  • Will ETF inflows continue to scale?

These questions will shape Bitcoin’s next chapter in global finance.


This article is for informational purposes only and does not constitute financial advice.

Share This
Join the Rhapsody Prayer Network
Join the Rhapsody Influencer Network
Prayer of Salvation
Read Today's Rhapsody

 

Read rhapsody of realities daily devotional

Rhapsody of Realities is a life guide that brings you a fresh perspective from God’s Word every day. It features the day’s topic, a theme scripture, the day’s message, the daily confession and the Bible reading plan segment. It is God's Love Letter to You!