As Bitcoin has become more widely adopted, more and more institutions are starting to hedge their bets with the cryptocurrency. Over the past four years, institutions have exponentially increased their holdings and, as a result, have become the dominant holders of Bitcoin. So much so that at this point, the best Bitcoin wallets no longer include any private holders other than Bitcoin creator Satoshi Nakamoto.

Top 10 Bitcoin Wallets Revealed

In a post on X (formerly Twitter), crypto expert Marty Party common an intriguing development when it comes to Bitcoin’s owner base. In a screenshot shared on the social media platform, Marty revealed that governments and institutions now dominate the list of the largest holders of the cryptocurrency.

The only “private entity” left on the list is Bitcoin founder Satoshi Nakamoto, whose original 1.1 million BTC remains untouched. The following 10 wallets belong to various governments and companies, telling the story of the complete elimination of private holders of the pioneering cryptocurrency.

In second place is cryptocurrency exchange Binance, the world’s largest exchange. It currently holds 550,133 BTC. Behind Binance is newcomer BlackRock, whose IBIT Spot Bitcoin ETF launched in January 2024. In less than a year, BlackRock has managed to amass a staggering 347,767 BTC.

Fourth on the list is Grayscale, which has the distinction of launching the first Bitcoin Trust in the United States. Grayscale has seen outflows throughout 2024 as investors have moved to other Spot Bitcoin ETF issuers. As a result, its BTC holdings have fallen from over 600,000 to 263,801.

Next on the list is MicroStrategy as the fifth largest Bitcoin holder in the world, with 226,500. Interestingly, MicroStrategy has stated that it has no plans to sell its Bitcoin anytime soon and has revealed plans to raise another $2 billion to buy BTC.

Bitfinex Exchange cliché sixth on the list with 221,315 BTC, closely followed by the US government with a remarkable 213,246 BTC. Next is the Chinese government in eighth place with 190,000 BTC. An intriguing fact about the governments on the list is that the BTC were not purchased, but obtained from seizures from individuals.

Following the Chinese government is Fidelity with its FBTC Spot Bitcoin ETF. The billion-dollar asset manager currently holds 176,626 BTC, putting it in ninth place on the list. While Block One made it into the top 10 with 164,000 BTC.

Featured image created with Dall.E, chart from Tradingview.com