Who Owns the Most Bitcoin in 2025? The Latest Rich List Will Blow Your Mind

From billion-dollar ETFs to long-lost wallets suddenly stirring, here's who really holds the keys to Bitcoin’s $2 trillion kingdom.

Bitcoin is booming in 2025. With prices soaring past $116,000 and daily ETF inflows hitting hundreds of millions, it’s clear: the king of crypto is having a moment. But while the price chart is fun to watch, there’s a juicier question grabbing everyone’s attention: who actually owns all this Bitcoin?

From dormant whale wallets waking up after a decade to sovereign states stacking sats like gold bars, the landscape of BTC ownership is more fascinating than ever. Let’s crack open the vault and peek inside the most powerful Bitcoin holders of 2025.

1. Exchanges Hold the Crown (for Now)

Topping the list of the richest BTC addresses in 2025? Not individuals. Not even corporations. It's the crypto exchanges. Their cold wallets serve as digital fortresses for user deposits and liquidity reserves—and they’re absolutely loaded.

Binance Cold Wallet #1: A staggering 248,600 BTC ($26B+), making it the biggest known Bitcoin wallet on the planet.
Robinhood: 140,600 BTC and counting.
Bitfinex: 130,010 BTC in its main wallet, with additional reserves held elsewhere.
Bitfinex Hack Recovery Wallet: Now controlled by the U.S. government, still holding 94,600 BTC.
Binance Wallet #2: A cool 115,000 BTC.

2. Strategy (Formerly MicroStrategy) Is All-In on Bitcoin

Corporate BTC adoption isn’t slowing down, and Strategy is leading the charge. Formerly MicroStrategy, the business analytics firm turned Bitcoin vault has now stacked 597,325 BTC, valued at over $69 billion. That’s 92.5% of its balance sheet.

Other companies:

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: 15,555 BTC

3. Bitcoin ETFs Are Becoming Institutional Powerhouses

2025 has seen an ETF explosion, and not just in headlines.

Grayscale Bitcoin Trust (GBTC): 292,000 BTC
BlackRock iShares Bitcoin Trust (IBIT): 274,000 BTC

On July 7 alone, U.S. ETFs took in $217 million in new Bitcoin.

4. Nation-States Are Stockpiling Sats

United States: 207,189 BTC
China: 194,000 BTC
UK: 61,245 BTC
Ukraine: 46,351 BTC
Bhutan: 11,924 BTC
El Salvador: 6,229 BTC
Georgia: 66 BTC

5. The Billionaire Bitcoin Club

Satoshi Nakamoto: up to 1.1 million BTC
Winklevoss Twins: ~70,000 BTC
Tim Draper: 30,000 BTC
Michael Saylor: 17,732 BTC
1Feex Address: 79,957 BTC

6. The Rise of the Mid-Tier BTC Holder

Wallets holding 100–1,000 BTC jumped from 3.9M to 4.76M BTC in the last year.

Final Thoughts: The Keys to the Bitcoin Kingdom

From cold wallets at Binance and ETF vaults at BlackRock to sovereign treasuries and the ever-enigmatic Satoshi stash, Bitcoin’s ownership is as layered as it is powerful.

So, what’s next?

Will another 2011-era wallet awaken?
Will Strategy double down?
Could the next BTC billionaire be a mid-tier whale in disguise? As Bitcoin continues to go mainstream, one thing is clear: who owns Bitcoin matters—and it’s never been more fascinating to watch.