Satoshi Holds 1.1 Million Bitcoin, but Exchanges and Institutions Now Dominate Supply
According to data from Arkham Intelligence compiled by WuBlockchain, Satoshi Nakamoto‘s addresses still contain roughly 1.096 million Bitcoin—worth around $71 billion at current prices—making the pseudonymous creator the single largest $BTC-holding entity. The original pool of mined coins, untouched since Bitcoin’s early days, remains a silent foundation beneath a market that has since been reshaped by exchanges, funds, and government seizures. The numbers paint a clear picture of where the actual supply now sits. Coinbase controls approximately 981,000 $BTC. Michael Saylor‘s Strategy (the firm previously known as MicroStrategy) holds 844,000 $BTC, an accumulation driven by its corporate treasury strategy. BlackRock’s various funds—primarily through its spot Bitcoin ETF—have amassed around 732,000 $BTC. Binance, the worlds largest exchange by trading volume, holds about 675,000 $BTC. Then there is the U.S. government, sitting on 325,000 Bitcoin obtained largely through asset forfeitures tied to criminal investigations. Exchanges and ETFs Become the New Base of Supply The breakdown reveals a fundamental change in Bitcoin ownership. Over a decade ago, the majority of coins were controlled by individuals and early miners. Today, a handful of centralized venues and institutional vehicles dominate the addresses with the largest balances. Coinbase and Binance alone hold more than 1.65 million $BTC between them—an