On-chain data as of June 20, 2025 reveals that the ten largest Bitcoin addresses hold a combined 1.10 million BTC, representing 5.55% of the current circulating supply of 19.88 million BTC. While the total share has slightly declined from 5.66% in 2023, the composition of the top ten has undergone notable shifts. Below is a detailed breakdown of these silent giants.
Binance Cold Wallet Remains Unmoved for Over 2.5 Years
The top spot is held by Binance's primary cold wallet, which contains 248,598 BTC. Strikingly, this address has not seen a single satoshi move since January 7, 2023 — a span of more than two and a half years. This demonstrates a strong long-term holding stance by the exchange.
Robinhood Climbs to Second, Bitfinex Slips
In 2023, Bitfinex's cold wallet held second place, but it now ranks third with 130,010 BTC (down about 9,000 BTC in the past 30 days). Robinhood's cold wallet has surged to second with 140,575 BTC. Its last outgoing transaction occurred on January 8, 2025, after which it has remained dormant. Binance's second cold wallet sits at fourth with 115,032 BTC, having shed 19,249 BTC in the last month.
Special Purpose Wallets: Hack Recovery, Mt.Gox, and Government Seizure
The fifth-largest wallet is the Bitfinex hack recovery address, holding 94,643 BTC. Ranked sixth is the infamous Mt.Gox “1Feex” hacker wallet, with 79,957 BTC — historically untouched. Tether, the largest stablecoin issuer, occupies seventh place with 78,647 BTC. The eighth-largest wallet (78,317 BTC) belongs to an unidentified entity — the only anonymous holder in the top ten. The ninth spot is the U.S. Federal Bureau of Investigation's seizure wallet, containing 69,370 BTC confiscated from the Silk Road hacker. Finally, rounding out the list at tenth is a Binance-managed BTCB reserve wallet with 68,200 BTC.
Implications: Static Holdings Signal Long-Term Intent
Most of these addresses show extremely low transaction volumes; several have not sent funds in years. The pattern of static cold storage and strategic withdrawals suggests calculated positioning by major custodians and unknown holders rather than speculative trading. As Bitcoin's circulating supply continues to shrink, these whales' behavior will remain a critical indicator of market sentiment and custody trends.