Bitcoin ETF Inflows Surge 20% as Investor Confidence Rises

As of July 2025, Bitcoin remains a robust asset with daily inflows into spot ETFs surging and a noticeable drop in exchange-held reserves, indicating rising investor confidence and long-term accumulation. A significant move of 20,000 BTC, worth over $2.1 billion, from two dormant wallets since 2011, added to the intrigue. These funds were transferred to new, unidentified addresses rather than exchanges, sparking curiosity about the identity of the new holders.

Exchanges dominate the top of the Bitcoin rich list, with Binance's primary cold wallet holding around 248,600 BTC, valued at over $26 billion. This wallet, along with others like Robinhood's (140,600 BTC) and Bitfinex's (130,010 BTC), are used for managing platform liquidity and safeguarding customer funds. These custodial wallets account for several of the largest BTC wallets in 2025, anchoring the infrastructure that supports billions in daily trading volume.

Corporations are also significant holders, with Strategy (formerly MicroStrategy) leading the pack with about 597,325 BTC, worth over $42.4 billion. Other public companies holding Bitcoin include Tesla, Block, GameStop, Semler Scientific, and Metaplanet, each with varying amounts of BTC as part of their asset diversification strategies. ETFs and institutional trusts, such as the Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust, also hold vast reserves, introducing a more regulated format for traditional investors.

Sovereign nations are increasingly holding Bitcoin as a strategic asset. The United States, for instance, holds 207,189 BTC, sourced entirely from criminal seizures, as part of its Strategic Bitcoin Reserve. Other countries with significant holdings include China, the United Kingdom, Ukraine, Bhutan, and El Salvador, each with varying amounts and strategies for their Bitcoin reserves.

Individual holders, or "crypto billionaires," also command significant BTC wealth. Satoshi Nakamoto, the elusive creator of Bitcoin, is estimated to hold between 968,000 and 1.1 million BTC. Other notable holders include the Winklevoss twins, Tim Draper, and Michael Saylor, each with substantial amounts of BTC. The 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF address, holding 79,957.26 BTC, remains a mystery, believed to be tied to early exchange exploits and currently frozen.

Bitcoin's ownership remains heavily concentrated, with the top 10 BTC wallets (excluding Nakamoto’s holdings) controlling about 1.1 million BTC, roughly 5.5% of the total supply. However, there is a growing trend of mid-tier addresses holding between 100 and 1,000 BTC, signaling broader adoption and a widening economic base for Bitcoin. This trend could stabilize price behavior over time, as more small institutions, funds, and wealthy individuals enter the market.

The ongoing shift in Bitcoin holdings, from large exchanges and corporations to a growing middle class of investors, is a significant development. As ETF flows and sovereign reserves legitimize Bitcoin's role in mainstream finance, the future of Bitcoin's distribution and its impact on the market remain to be seen. The answers to questions about dormant wallets, corporate strategies, and the growth of the largest BTC wallets will shape the next chapter of crypto.