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▲ Bitcoin (BTC) ©
The landscape of Bitcoin (Bitcoin, BTC) major holders is rapidly reorganizing from individuals to institutions, and market influence is increasingly concentrated among a few 'super-large players'.
Cryptocurrency specialized media Coingape cited on-chain data analysis results in its April 22 report to reveal the top Bitcoin holders as of April 2026. According to the analysis, Satoshi Nakamoto, known as the creator of Bitcoin, still holds the top position in Bitcoin holdings.
According to the data, approximately 1,096,361 BTC are stored in wallets presumed to belong to Satoshi, which accounts for about 5.48% of the total supply. This amount has remained largely unmoved since it was acquired through initial mining.
The influence of institutions and exchanges also appears to be overwhelming. Coinbase holds approximately 976,000 BTC, making it the second largest holder. This accounts for about 4.88% of the total supply, with most of it managed in a custodial form for user assets.
BlackRock, the world's largest asset management company, manages approximately 799,000 BTC, ranking third. It is evaluated to have become a key pillar of institutional capital inflow by expanding Bitcoin exposure, primarily through ETF products.
In addition, Binance holds approximately 630,000 BTC, and Fidelity Custody holds approximately 450,000 BTC. Most of these are also custodial amounts centered on customer assets.
Among corporations, Strategy (formerly MicroStrategy) holds approximately 445,000 BTC, making it a representative Bitcoin financial strategy company. Recent additional purchases show that the corporate-level Bitcoin accumulation strategy remains effective.
Government holdings are also of an undeniable scale. The U.S. government holds approximately 328,000 BTC, primarily from Bitcoin seized during criminal investigations, which is about 1.6% of the total supply.
These data show that the Bitcoin market is rapidly shifting from an initial structure centered on individual miners to one dominated by institutions such as exchanges, asset management companies, corporations, and governments. Especially with the expansion of capital inflow through ETFs, the influence of institutions is growing even further.
Market analysis suggests that this concentration of holdings could act as a significant variable in future price volatility and liquidity structure. At the same time, there is also an assessment that large entities with strong long-term holding tendencies could act as factors to enhance market stability.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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