Who Owns the Most Bitcoin in 2026 by Entity and Wallets?

Arkham’s April 2026 on-chain analysis shows Bitcoin ownership remains concentrated among early miners, exchanges, ETF issuers, public companies and governments — with material market implications. Satoshi-linked wallets hold ~1.096M BTC (~5.5% of supply, ~$82B), while major custodians like Coinbase and Binance control large customer balances (Coinbase ~976k BTC). Spot Bitcoin ETFs and treasury firms (led by BlackRock at ~799k BTC) now command sizable visible institutional stakes, helping shift supply into regulated products. Public companies, led by MicroStrategy (~781k BTC, with ~184k via Fidelity custody), and government seizures (U.S. ~328k BTC) further concentrate fungible supply. Large cold wallets (Binance, Robinhood, Bitfinex) and several massive unattributed addresses mean significant holdings can still move markets if liquidated, but much of the supply is held for custody/ETF purposes rather than speculative selling, which may reduce immediate sell pressure. Overall, the data underscores that institutional and custodial holdings are a major factor shaping Bitcoin’s available float and potential price sensitivity to large transfers.