As of January 2025, the top ten entities holding Bitcoin mainly include public companies, investment funds, and government agencies. Here is an overview of these major holders:
1.MicroStrategy Incorporated: Led by Bitcoin advocate Michael Saylor, this business intelligence company is the public company that holds the most Bitcoin. MicroStrategy and its subsidiaries hold a total of approximately 447,470 Bitcoins, with a total purchase cost of approximately US$27.97 billion, an average of approximately US$62,503 per Bitcoin. Between December 30 and 31, 2024, MicroStrategy purchased 1,070 Bitcoins for approximately US$101 million in cash, at an average price of approximately US$94,004. In addition, MicroStrategy plans to raise up to US$2 billion by issuing perpetual preferred shares in the first quarter of 2025 to further increase its Bitcoin holdings.
2.Marathon Digital Holdings, Inc.: This is an American Bitcoin mining company that holds more than 17,631 bitcoins worth more than $1.5 billion.
3. Tesla Inc.: Tesla, the electric car maker founded by Elon Musk, bought $1.5 billion worth of Bitcoin in early 2021. Despite selling 75% of it in 2022, Tesla still holds approximately 11,509 Bitcoins as of April 2024.
4.Coinbase Global, Inc.: As one of the world’s largest listed cryptocurrency exchanges, Coinbase holds more than 9,100 bitcoins.
5.Hut 8 Corp.: This Canadian bitcoin mining company holds approximately 9,100 bitcoins.
6. Grayscale Bitcoin Trust: This is the largest Bitcoin investment trust fund, holding approximately 643,572 bitcoins, accounting for approximately 3.065% of the total Bitcoin supply.
7. BlackRock: As the world's largest asset management company, BlackRock holds more than 300,000 bitcoins, reflecting the growing interest in cryptocurrencies in traditional financial markets.
8. U.S. Government: Obtained a large amount of Bitcoin through law enforcement actions (such as shutting down Silk Road, etc.). It is reported that the number of Bitcoins held by the U.S. government is around 69,370.
9. Binance: As one of the world’s largest cryptocurrency exchanges, Binance holds a large amount of Bitcoin, with the number of Bitcoins held in its cold wallets in the hundreds of thousands.
10. Other large investment funds and institutions: Traditional financial institutions including Fidelity Investments also hold a large amount of Bitcoin, the specific amount may range from tens of thousands to hundreds of thousands.
