The Top 100 Holders of Crypto

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The following is a list of the top 100 crypto holders based on the total US dollar value of their confirmed, on-chain holdings. The table has three columns: the entity name, a link to their entity page on the Arkham Intel platform (where the data was sourced from), and the holdings value in dollars.

For this list, we look at "entities" rather than individual wallets. An entity is a collection of crypto addresses that are confirmed to be controlled by the same individual or institution (like an exchange, DeFi protocol, or corporation). This approach offers a far more accurate picture of the true net worth of these crypto whales.

Dollar holdings are correct as of 24th November 2025.

Top 10 crypto holders

1. Binance (Exchange): $191B

2. Satoshi Nakamoto (Creator): $95B

3. Coinbase (Exchange): $88B

4. BlackRock (Investment management company): $78B

5. Lido (DeFi protocol): $49B

6. Fidelity Custody (Investment management company): $40B

7. MicroStrategy (BTC treasury company): $38B

8. U.S. Government (National Government): $29B

9. (NEW) Aave (DeFi protocol): $27B

10. OKX (Exchange): $27B

Top 100 crypto holders

Dollar holdings are correct as of 24th November 2025.

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Frequently Asked Questions (FAQ)

1. Who are the biggest crypto entities?

‍The biggest crypto entities are a mix of exchanges (like Binance and Coinbase), investment management companies, venture capital firms, DeFi protocols (like Aave or Lido), and a few early individual investors often referred to as "whales." Our list above provides a detailed breakdown.

2. What is a "crypto whale"?

‍A whale is an individual or entity that holds a very large amount of a specific cryptocurrency or a diverse portfolio of digital assets. They have the potential to move the market by buying or selling a specific token.

3. Why does this list use "entities" instead of "wallets" or "addresses"?

‍Large holders rarely keep all their assets in a single wallet for security and operational reasons. By grouping all associated wallets into a single "entity," we provide a more accurate and complete picture of an entity's total holdings and influence in the crypto market.

4. How are the USD holdings of these crypto holders calculated?

‍The USD holdings seen above are calculated by taking all the token holdings held across an entity's known addresses and multiplying them by their respective US dollar market price on a specific date (in this case, November 24th, 2025). This does not include any of their non-crypto assets.