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As of March 6, 2025, the top 15 Bitcoin holders collectively control 5.8 million BTC, accounting for 37.7% of the total circulating supply of 15.5 million BTC. Notably, 62% of Bitcoin remains in other wallets, while Wall Street entities hold 17% of the supply.
Key Players in the Bitcoin Ecosystem
1. Satoshi Nakamoto – The mysterious creator of Bitcoin still holds the largest amount, estimated at 1.1 million BTC, making up 7.08% of the supply.
2. Coinbase – The largest institutional holder, Coinbase, controls 941,901 BTC, seeing an increase of 54,483 BTC recently.
3. Binance – The world’s leading crypto exchange holds 637,708 BTC, with a recent gain of 18,265 BTC.
4. Wall Street Influence – Major Wall Street firms like BlackRock IBIT (571,124 BTC), Strategy (499,096 BTC), Fidelity (337,915 BTC), and Grayscale GBTC (240,774 BTC) hold significant portions of Bitcoin. However, Grayscale and BlackRock saw slight declines in their holdings.
5. Government Holdings – The U.S. government holds 199,173 BTC, while the Chinese government retains 194,867 BTC, indicating that sovereign entities continue to play a role in Bitcoin accumulation.
6. Private and Exchange Holdings – Other notable holders include IFINEX (Bitfinex + Tether) with 364,903 BTC, UPBIT (174,886 BTC), and OKX (124,525 BTC).
Market Trends and Changes
• Some entities, like IFINEX (-61,363 BTC) and Kraken (-11,938 BTC), have reduced their holdings, while Robinhood (+4,595 BTC) and Upbit (+1,202 BTC) have increased their positions.
• The growing influence of Wall Street institutions, holding approximately 17% of total supply, suggests further institutional adoption of Bitcoin as a store of value.
• The U.S. government’s continued control of seized Bitcoin highlights regulatory involvement in the crypto space.
Final Thoughts
With Bitcoin’s supply decreasing due to lost coins and institutional accumulation, market dynamics are shifting. The coming years could see further Wall Street and government intervention, making Bitcoin’s decentralization a crucial topic for the industry. For traders and investors, understanding these large holders is essential for navigating market trends.
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