As of 2025, the largest Bitcoin holders are:

1. Satoshi Nakamoto (anonymous)

• Approximate: 1,100,000 BTC

• These coins have never moved since mining (2009–2010)

• Value: over $70 billion

• Identity unknown — these Bitcoins are considered 'dead' to the market

2. Exchanges (through users):

These wallets belong to exchanges, but technically they control large volumes:

• Binance — over 600,000 BTC

• Bitfinex — ~200,000 BTC

• Coinbase — over 1 million BTC, but these are customer deposits

• Robinhood (through custodian): ~120,000 BTC

3. U.S. Government

Yes, and it's interesting. The U.S. confiscated BTC during investigations:

• As of 2024, owned over 200,000 BTC, including from:

• Silk Road

• Exchange hacks

• Criminal cases (like the case of James Zhong)

4. Grayscale Bitcoin Trust (GBTC)

• Investment fund

• Holds BTC for its clients — about 600,000 BTC (figures vary)

5. Large “whales” — unknown private individuals

• There are several anonymous addresses with 100,000+ BTC

• The largest known private address — ~140,000 BTC

• Often thought to be old miners or 'early entrants'

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