From exchanges and ETFs to sovereign treasuries and crypto billionaires, Bitcoin’s ownership map in 2025 reveals a mix of concentration and quiet decentralization.

Exchanges top the list, with Binance and Robinhood holding the largest BTC wallets.

Strategy leads corporate holdings with nearly 600,000 BTC.

The US now holds 207,189 BTC, the largest sovereign stash.

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Author: Bradley Peak

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