Currently, the largest Bitcoin holders include individual whales and institutions. The richest address associated with Binance holds 248,597 BTC, which is approximately 1.3% of the circulating supply. Other notable holders include BitFinex, with 178,010 BTC, and several additional large Binance-linked addresses.

MicroStrategy remains the largest corporate holder with 252,220 BTC, while governments such as the United States and China also hold significant funds, with the United States holding 198,955 BTC and China holding 194,000 BTC. Another significant player is iShares Bitcoin Trust, which holds over 365,000 BTC.

These large holdings, especially from exchanges like Binance and Coinbase, complicate the situation as the majority of their Bitcoin is held on behalf of their clients. This concentration of ownership can significantly impact market volatility and contribute to systemic risk, especially if any of these large shareholders were to sell off in large quantities.