Satoshi and nine entities account for 26.37% of all $BTC

Top holders:

Satoshi Nakamoto: 5.47% ($70.36B)

Coinbase: 4.87% ($62.7B)

BlackRock: 3.66% ($47.08B)

Binance: 3.33% ($42.92B)

Strategy: 2.40% ($30.92B)

Fidelity Custody: 2.15% ($27.61B)

U.S. Government: 1.64% ($21.07B)

Grayscale: 0.97% ($12.47B)

Robinhood: 0.94% ($12.15B)

Upbit: 0.94% ($12.06B)

Most of these entities hold Bitcoin on behalf of users, clients, or ETF investors, not as their own treasury.