Bitcoin, Who Owns It All? Who is the Top Holder in the World?

▲ Bitcoin (BTC) ©

The structure of Bitcoin (BTC)'s largest holders is rapidly shifting from individuals to institutions, and market influence is increasingly concentrated among a few 'super-large players'.

Crypto media outlet Coingape reported on April 22, citing on-chain data analysis, to disclose the top Bitcoin holders as of April 2026. According to the analysis, Satoshi Nakamoto, known as the creator of Bitcoin, still holds the top position in Bitcoin holdings.

According to the data, approximately 1,096,361 BTC are stored in wallets presumed to belong to Satoshi, which accounts for about 5.48% of the total supply. This amount has remained largely unmoved since it was acquired through initial mining.

The influence of institutions and exchanges also proved to be overwhelming. Coinbase was identified as the second-largest holder, storing approximately 976,000 BTC. This represents about 4.88% of the total supply, and most of it is managed as user assets in custody.

BlackRock, the world's largest asset manager, ranked third by managing approximately 799,000 BTC. It is evaluated to have become a key pillar of institutional fund inflows by expanding Bitcoin exposure, primarily through ETF products.

In addition, Binance was found to hold approximately 630,000 BTC, and Fidelity Custody held approximately 450,000 BTC. These are also mostly custodial holdings centered around customer assets.

Among companies, Strategy (formerly MicroStrategy) was cited as a representative Bitcoin financial strategy company, holding approximately 445,000 BTC. Recent additional purchases show that the company's Bitcoin accumulation strategy remains effective.

Government holdings are also significant. The U.S. government holds approximately 328,000 BTC, primarily from Bitcoin seized during criminal investigations, which accounts for about 1.6% of the total supply.

This data shows that the Bitcoin market is rapidly shifting from an early structure centered on individual miners to one dominated by institutions such as exchanges, asset managers, corporations, and governments. Especially with the expansion of fund inflows through ETFs, the influence of institutions is increasing.

Market analysis suggests that this concentration of holdings could act as a significant variable for future price volatility and liquidity structure. At the same time, it is also argued that large entities with a strong long-term holding tendency could contribute to market stability.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*