As July 2025 unfolds, Bitcoin remains on solid footing . Daily inflows into spot ETFs continue to surge, backed by a noticeable drop in exchange-held reserves, suggesting rising investor confidence and long-term accumulation . But what really turned heads this month was a sudden move of 20,000 BTC, worth over $2.1 billion, from two wallets untouched since 2011 . These dormant Bitcoin wallets didn't send their funds to exchanges, but rather to new, unidentified addresses .
With dormant coins waking up and ETF-driven demand heating up, the key question is once again front and center: Who owns the most Bitcoin in 2025? From exchanges and ETFs to corporations and crypto billionaires, the latest Bitcoin rich list 2025 reveals a shifting, but also a highly concentrated distribution of BTC power .
At the top of the richest Bitcoin addresses list are not individuals, but the massive cold wallets run by crypto exchanges . These custodial reserves are used to manage platform liquidity and safeguard customer funds, and they dominate the upper ranks of any Bitcoin wallet ranking tool . Leading the pack is Binance's primary cold wallet, which currently holds around 248,600 BTC, roughly 1.25% of Bitcoin's circulating supply, valued at over $26 billion . According to Glassnode BTC wallet data and trackers like BitInfoCharts and CoinCodex, it is the largest BTC wallet . The wallet's infrequent but significant transactions point to long-term reserve management, not trading .
Next is the Robinhood cold wallet, holding 140,575 BTC .
Regarding corporations, MicroStrategy leads with nearly 600,000 BTC .
The U.S. government now holds 207,189 BTC, the largest sovereign stash .
Meanwhile, Satoshi Nakamoto remains the largest Bitcoin holder, with approximately 968,452 BTC . Other notable holders include the Winklevoss Twins with around 70,000 BTC , Tim Draper with 29,500 BTC , and Michael Saylor with 17,700 BTC .
Additionally, companies like Tether Holdings Limited held 100,521 BTC as of March 31st, 2025 . SpaceX holds approximately 8,285 BTC .
The distribution of Bitcoin remains concentrated, with 1% of crypto addresses controlling over 87% of all circulating Bitcoin .