By CryptoSlate:
By Grok:
Based on available data, here are the top 14 Bitcoin holders (individuals, companies, or entities) behind Satoshi Nakamoto, who is estimated to hold around 1.1 million BTC. The rankings are derived from recent analyses of wallet holdings, corporate disclosures, and government seizures. Note that exact figures may vary due to market fluctuations, wallet activity, and the pseudonymous nature of Bitcoin addresses. I’ve prioritized the most reliable and up-to-date sources, focusing on entities with significant, verifiable holdings as of May 27, 2025.
1. **BlackRock iShares Bitcoin Trust (IBIT)** - ~636,108 BTC
- BlackRock’s spot Bitcoin ETF has surged to hold over 3% of Bitcoin’s total supply, surpassing most exchanges and corporate holders.[](https://cryptoslate.com/insights/blackrocks-ibit-becomes-second-largest-bitcoin-holder-behind-satoshi-nakamoto/)
2. **Coinbase** - ~600,000-973,694 BTC
- As a major U.S. crypto exchange, Coinbase holds significant Bitcoin on behalf of clients, with estimates varying based on custodial wallets.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)[](https://info.arkm.com/research/who-owns-the-most-bitcoin-2023-edition)
3. **Binance** - ~550,000-669,757 BTC
- The world’s largest crypto exchange by trading volume, Binance holds substantial Bitcoin for users, with figures slightly varying across sources.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)
4. **MicroStrategy** - ~461,000-568,840 BTC
- This business intelligence firm, led by Michael Saylor, has aggressively accumulated Bitcoin as a treasury asset, with holdings growing significantly in 2024.[](https://river.com/learn/who-owns-the-most-bitcoin/)
5. **iFinex (Bitfinex)** - ~426,266 BTC
- The parent company of the Bitfinex exchange holds a large Bitcoin reserve, reflecting its role as a major crypto trading platform.
6. **Grayscale Bitcoin Trust (GBTC)** - ~256,075-627,779 BTC
- Grayscale, a digital currency investment firm, manages one of the largest Bitcoin trusts, with holdings stored via Coinbase. Estimates vary due to reporting differences.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)[](https://www.binance.com/en/square/post/1265638)
7. **Fidelity (FBTC)** - ~214,403-273,097 BTC
- Fidelity’s Bitcoin ETF and custodial services have amassed significant holdings, driven by institutional interest.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)
8. **U.S. Government** - ~198,109-215,000 BTC
- The U.S. holds Bitcoin seized from illicit activities, including the Silk Road marketplace and the Bitfinex hack.[](https://www.cnbc.com/2024/12/10/etfs-holding-bitcoin-are-now-the-cryptos-largest-holders-surpassing-creator-satoshi-nakamoto.html)[](https://info.arkm.com/research/who-owns-the-most-bitcoin-2023-edition)
9. **Kraken** - ~172,106 BTC
- Another major crypto exchange, Kraken holds substantial Bitcoin for its users, contributing to its influence in the market.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)
10. **Block.one** - ~140,000-164,000 BTC
- The company behind the EOS blockchain has accumulated Bitcoin from its ICO proceeds, positioning it as a significant corporate holder.[](https://blog.river.com/top-21-bitcoin-holders-2024/)[](https://www.binance.com/en/square/post/16658040385889)
11. **Winklevoss Twins (Tyler and Cameron)** - ~70,000 BTC
- Founders of the Gemini exchange, the twins invested early in Bitcoin, reportedly holding around 1% of the total supply in 2013.[](https://info.arkm.com/research/who-owns-the-most-bitcoin-2023-edition)[](https://world.org/articles/popular-cryptos/who-owns-the-most-bitcoin)
12. **Tesla** - ~10,000-20,000 BTC (estimated)
- Tesla purchased $1.5 billion in Bitcoin in 2021 but sold over half. Its remaining holdings are modest but still notable among corporate owners.[](https://blog.river.com/top-21-bitcoin-holders-2024/)
13. **Tim Draper** - ~29,656 BTC
- A venture capitalist and early Bitcoin advocate, Draper is known for purchasing significant BTC from government auctions.[](https://nowpayments.io/blog/holders-bitcoin)
14. **Purpose Investments (Bitcoin ETF)** - ~22,756 BTC
- This Canadian ETF provides Bitcoin exposure to investors, with holdings reported as of mid-2023.[](https://watcher.guru/news/top-bitcoin-holders-who-owns-the-most-btc)
**Notes**:
- **Exclusions**: Entities like Bulgaria (~200,000 BTC) and China (~194,000 BTC) are not included due to unconfirmed or speculative ownership.[](https://www.mobee.io/en/mobee-academy/blog/bitcoin-holders)
- **Data Variability**: Figures fluctuate due to price changes, wallet movements, and differing methodologies (e.g., some sources include custodial holdings, others focus on direct ownership).
- **Anonymity**: Many large wallets remain unidentified, and some listed entities (e.g., exchanges) hold Bitcoin on behalf of users, not directly.
- **Lost Bitcoin**: Up to 20% of Bitcoin may be inaccessible due to lost keys, potentially affecting concentration estimates.[](https://icoholder.com/blog/who-owns-most-bitcoin-largest-holders-revealed/)
This list reflects the best available data but is subject to change as Bitcoin’s market evolves. For real-time updates, platforms like Arkham Intelligence or BitInfoCharts can provide wallet-level insights.[](https://www.dlnews.com/articles/markets/bitcoin-creator-satoshi-nakamoto-and-coinbase-hold-most-btc/)[](https://info.arkm.com/research/who-owns-the-most-bitcoin-2023-edition)