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.
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.
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
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
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