WuBlockchain
Arkham data puts Satoshi Nakamoto at the top of the Bitcoin holder table with roughly 1.096 million BTC, valued near $71 billion, ahead of every exchange, treasury, and government. Coinbase sits second with around 981,000 BTC, followed by Strategy with 844,000 BTC, BlackRock with 732,000 BTC, and Binance with 675,000 BTC.
Why it matters
The list is less a leaderboard than a map of where Bitcoin supply is concentrated. Coinbase's nearly one million BTC is effectively customer custody, not proprietary inventory; Strategy and BlackRock's combined 1.57 million BTC represents corporate and ETF accumulation that did not exist at this scale five years ago. The US government's roughly 325,000 BTC, largely sourced from seizures, sits apart as the only large holder with involuntary origin.
Market impact
The ranking is static in the near term: Satoshi's coins have never moved, and seizure-linked government BTC is politically difficult to liquidate. The live supply sits with exchanges, ETFs, and corporate treasuries, which is why single-day custody flows, ETF creations and redemptions, and Strategy balance-sheet moves still set the marginal price. The two largest individual wallets by address are both Binance cold storage, holding 249,000 BTC and 181,000 BTC.
Source: [Top BTC Holders: Who Owns the Most Bitcoin (2026)](https://info.arkm.com/research/who-owns-the-most-bitcoin-top-btc-holders-2026)
Frequently asked questions
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Who is the largest Bitcoin holder according to Arkham?
Satoshi Nakamoto holds roughly 1.096 million BTC, worth about $71 billion, making the pseudonymous creator the single largest Bitcoin holder by Arkham's data.
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How much Bitcoin does Coinbase hold?
Coinbase holds approximately 981,000 BTC, ranking second behind Satoshi. The bulk represents customer custody rather than the exchange's own balance sheet.
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How much Bitcoin does the US government own?
The US government holds around 325,000 BTC, most of it acquired through criminal and civil asset seizures rather than open-market purchases.
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What are the two biggest single Bitcoin wallet addresses?
The two largest individual wallet addresses are both Binance cold wallets, holding approximately 249,000 BTC and 181,000 BTC respectively.
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Does the Arkham ranking tell us anything about price?
The ranking is largely static: Satoshi's coins have never moved, and government-held BTC is politically difficult to liquidate. Marginal price is set by exchanges, ETFs, and corporate treasuries.
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