A new ranking by Arkham Intelligence reveals the largest Bitcoin-holding entities in 2026, placing BlackRock ahead of Michael Saylor’s Strategy in the institutional category. The data shows Satoshi Nakamoto remains the overall largest holder with approximately 1.096 million BTC, worth about $72 billion, while Coinbase and Binance hold massive exchange balances.
BlackRock’s 764,000 BTC is primarily linked to its spot Bitcoin ETF products, while Strategy’s total reported treasury is 847,000 BTC. However, Arkham attributes only about 663,000 BTC directly to Strategy on-chain, with the remaining 184,000 BTC held through Fidelity Custody. This custodial split places BlackRock above Strategy in Arkham’s entity-based methodology, despite Strategy’s larger overall balance.
Other notable holders include Coinbase (970,000 BTC), Binance (670,000 BTC), and the US government (328,000 BTC from seizures). Tether holds 97,000 BTC in verified reserves, and Block.One is reported to have 164,000 BTC, though Arkham notes those holdings are not fully verified on-chain. Governments such as the UK (61,000 BTC) and El Salvador (7,100 BTC) also feature.
The data underscores the growing institutionalization of Bitcoin, with ETFs, exchanges, and corporate treasuries accumulating substantial amounts, while retail holders control only about 1.7 million BTC.
