Cold Wallet Kings: The Quiet Powerhouses Behind Bitcoin’s Biggest Stashes

Based on historical data, the ten most heavily stocked bitcoin wallets collectively held over 1.12 million coins in 2023, accounting for approximately 5.66% of the current circulating supply. Jump ahead to the present, and these top ten addresses now control 5.55% of the supply, with a few notable shifts among the highest-ranking holders. What follows is an updated view of the leading BTC wallets as of June 20, 2025.

The Silent Giants of Crypto: Who Controls 5.55% of All Bitcoin?

At the time of publication, data reveals that the ten most heavily loaded bitcoin wallets contain a combined 1.10 million BTC, representing 5.55% of the current circulating supply, which stands at 19.88 million BTC. In 2023, the largest among them was Binance’s cold wallet, which held 248,598 BTC—a figure that remains unchanged today.

Not a single satoshi has moved from this wallet since Jan. 7, 2023. Back then, Bitfinex claimed second place, but the standings have shifted—Robinhood now holds that position with 140,575 BTC. Robinhood’s cold wallet rarely sees outbound activity; in fact, the last outgoing transaction occurred on Jan. 8, 2025.

The Bitfinex address now occupies third place with a holding of 130,010 BTC, though it has seen a reduction of 9,000 BTC over the past 30 days. Binance’s second cold wallet ranks fourth, currently containing 115,032 BTC, though it, too, has slimmed down by 19,249 BTC in the last month. Taking the fifth spot is the Bitfinex hack recovery wallet, with 94,643 BTC.

In sixth place is the well-known Mt Gox “1Feex” hacker wallet, which holds 79,957 BTC. Tether, the issuer of a major stablecoin, is ranked seventh with 78,647 BTC. The eighth-largest wallet, holding 78,317 BTC, belongs to an unidentified entity—the only anonymous holder among the current top ten. In ninth place sits the U.S. Federal Bureau of Investigation’s wallet, containing 69,370 BTC seized from the Silk Road hacker.

Rounding out the list, the tenth-largest BTC wallet is managed by Binance and holds 68,200 BTC. This address serves as a BTCB reserve wallet for the firm’s wrapped bitcoin project. The current distribution of top bitcoin holdings reflects a dynamic but modest reshuffling among major custodians, blending institutional control with enigmatic ownership.

Static wallets, strategic withdrawals, and minimal outbound movements suggest calculated positioning rather than spontaneous activity. As the concentration subtly shifts, these addresses serve as silent indicators of custody practices and long-term intent within the broader architecture of bitcoin’s ongoing circulation.

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