Below is a comparative list of institutions and individuals with the most Bitcoin $BTC in the 🌎, based on information available until April 2025. Since exact data on BTC holdings is difficult to verify due to the existence of anonymous wallets.
Exchanges are excluded from this list as their BTC holdings are not their property and serve a custodial function for their clients.
The list below:
Institutions with the most BTC
BlackRock (iShares Bitcoin Trust - IBIT)
Estimated amount: 552,000 BTC
Details: BlackRock, the largest asset manager in the world, manages this spot Bitcoin ETF. Its fund surpassed Grayscale in 2024 as the largest institutional holder of BTC, reflecting massive adoption by institutional investors.
MicroStrategy
Estimated amount: 461,000 BTC
Details: Led by Michael Saylor, MicroStrategy is the public company with the largest Bitcoin reserve. It has adopted an aggressive acquisition strategy since 2020, considering it a reserve asset. In 2024, it planned to raise an additional $42 billion to continue buying BTC.
Grayscale Bitcoin Trust (GBTC)
Estimated amount: 206,000 BTC
Details: One of the first investment vehicles in Bitcoin, converted to ETF in 2024. Although it lost ground to BlackRock, it remains a key player with a large amount of BTC under management.
United States Government
Estimated amount: 207,000 BTC
Details: The U.S. government has accumulated BTC primarily through confiscations, such as those related to Silk Road. It is the largest known state holder.
Marathon Digital Holdings
Estimated amount: 44,394 BTC
Details: Bitcoin mining company that has accumulated a significant amount of BTC as part of its treasury strategy.
Individuals with the most BTC
Satoshi Nakamoto
Estimated amount: 1,100,000 BTC
Details: The creator (or group of creators) of Bitcoin is considered the largest individual holder. It is estimated that they mined around 1.1 million BTC in the early years, which remain inactive in their wallets.
Cameron and Tyler Winklevoss
Estimated amount: 70,000 BTC (combined)
Details: The Winklevoss twins, founders of the Gemini exchange, invested early in Bitcoin (2012-2013) and have claimed to own about 1% of the total supply in circulation at that time.
Tim Draper
Estimated amount: 29,656 BTC
Details: Venture capitalist who bought this amount in a U.S. government auction in 2014, from the confiscation of Silk Road. He is a well-known advocate for BTC.
Michael Saylor
Estimated amount: 17,732 BTC (personally)
Details: In addition to leading MicroStrategy, Saylor has publicly revealed that he personally holds this amount of BTC, acquired before his company's massive purchases.
Barry Silbert
Estimated amount: Unknown, but significant
Details: Founder of Digital Currency Group (parent of Grayscale), it is estimated that he personally holds a large amount of BTC, although there are no exact public figures. His wealth is tied to his investments in crypto.
The total supply of BTC: With a maximum of 21 million BTC and approximately 19.6 million in circulation as of April 2025, the listed institutions control about 7-8% of the total, while the highlighted individuals (excluding Satoshi) own a smaller fraction.