This chart gives a powerful snapshot of how Bitcoin supply is currently distributed among major players. At the top, Satoshi Nakamoto remains the largest holder with over 1.1 million BTC, a reminder of Bitcoin’s mysterious origins and long-term decentralization story.
Among exchanges, Coinbase and Binance lead the list, holding hundreds of thousands of BTC on behalf of users. This highlights their role as major liquidity hubs rather than single owners. Bitfinex, Kraken, OKX, Gemini, Robinhood, and Upbit also hold significant reserves, reflecting strong user adoption and trading activity.
On the institutional side, entities like MicroStrategy (MSTR) and ETFs (IBIT, FBTC, GBTC) show how deeply institutions are now involved in Bitcoin. Meanwhile, the US government remains one of the largest sovereign BTC holders, mainly through seized assets.
🔍 Key takeaway:
Bitcoin is no longer just a retail asset. It’s held across individuals, exchanges, institutions, ETFs, and governments, signaling growing maturity and global acceptance.
What do you think—does this concentration strengthen Bitcoin or raise decentralization concerns?
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