Who will own the most Bitcoin in 2026?

ETF Issuers

Since the launch of the Bitcoin spot ETF in the US in January 2024, Arkham is the first to identify all ETFs on-chain.<span leaf=""  para",{"tagName":"p","attributes":{"style":"margin-right: 8px;margin-bottom: 0px;margin-left: 8px;letter-spacing: 0.578px;"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]'>

ARK Invest

Grayscale is an asset management company that offers a range of products to the public markets. The company is a subsidiary of Digital Currency Group. All digital assets of Grayscale's financial products are also custodied on the Coinbase platform. While Grayscale publicly discloses its Bitcoin balance, they refuse to reveal the on-chain addresses of the trust—we successfully located these addresses on-chain, distributed across more than 1750 different addresses, each holding no more than 1000 Bitcoins.

Governments of Various Countries

Holdings

Value

Supply share (%)

1

美National Government

328,000

23 billion

1.64%

2

British Government

61,000

40Billion

0.31%

3

El Salvador Government

7500

5.35billion

0.03%

4

Emirates Royal Group (Castle Mining)

6800

4.83Billion

0.03%

5

Royal Government of Bhutan (Druk Holdings)

5400

3.82Billion

0.03%

6

Russian Government

1000

Ranking

Address

BTCHoldingAmount

Value

Supply share (%)

1

bc1qd4ysezhmypwty5dnw7c8nqy5h5nxg0xqsvaefd0qn5kq32vwnwqqgv4rzr

92,000

6.5 billion

0.46%

2

bc1q8yj0herd4r4yxszw3nkfvt53433thk0f5qst4g

78,317

50Billion

0.39%

3

1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC

53,880

40billion

0.27%

4

1AC4fMwgY8j9onSbXEWeH6Zan8QGMSdmtA

51,830

3 text="">%

5

1LruNZjwamWJXThX2Y8C2d47QqhAkkc5os

44,000

30Billion

0.22%

Bitcoin, which began as a niche project for cryptography enthusiasts, has evolved into a globally significant financial asset, held by numerous companies, individuals, and government agencies. Bitcoin's immense appeal stems from its decentralized nature. This ensures that the Bitcoin network is not completely controlled by any single individual; even the most determined attacker would find it virtually impossible, as the cost would be extremely high, to gain control of the entire network. The maximum supply of 21 million Bitcoins is a fundamental element of the project's design, ensuring its scarcity and preventing its value from being inflated through increased issuance. Considering that approximately 3.7 million Bitcoins are permanently held in inaccessible wallets, the actual total supply of Bitcoin is even lower. That's all for today. See you in the next article.