Bitcoin's ownership landscape has never been more concentrated — or more institutional. Here's a breakdown of who controls the most BTC on the planet right now.

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#Satoshi Nakamoto still sits at the top, unmoved and untouched. The pseudonymous creator of Bitcoin holds an estimated 1,096,361 #BTC — roughly 5.22% of the total 21 million supply. These coins haven't moved since the early days of the network, and likely never will.

#Coinbase ranks #2 with approximately 958,000 BTC (~4.56%) held in its capacity as an exchange and custodian — though its holdings have seen a slight decline recently.

Strategy Inc. (formerly MicroStrategy) is the biggest mover on the list.Now holding 843,738 BTC, the Michael Saylor-led firm has crossed the 4% supply threshold, adding +25,404 BTC in the most recent period. It remains the most aggressive corporate Bitcoin accumulator in history.

BlackRock's iShares Bitcoin Trust (IBIT) holds 818,147 BTC (~3.90%), adding 7,344 BTC recently — a clear signal that institutional ETF demand remains strong even at current price levels.

#Binance holds ~634,000 BTC as the world's largest crypto exchange, with a slight uptick in reserves. Fidelity Custody follows at ~452,000 BTC, though it posted a slight decline.

Perhaps the most politically interesting entry: the U.S. Government holds 328,000 BTC in seized assets — nearly 1.56% of all Bitcoin that will ever exist — with no change reported.

Rounding out the list are Upbit (~187,000 BTC), Robinhood (~186,000 BTC in custody), and Grayscale's Bitcoin ETFs (~150,000 BTC), the latter showing a slight decline as investors continue rotating toward newer ETF products like IBIT.

The big picture: Between Satoshi's dormant coins, unmined supply, and institutional custodians, a significant portion of Bitcoin is already locked up or highly concentrated. As Strategy and BlackRock continue accumulating, the free float available to retail traders keeps shrinking — a dynamic worth watching closely for anyone active in the market.