Coinbase reportedly currently holds 2,275,123 BTC, which is about 10.8% of the cryptocurrency's total supply (21 million tokens).
The largest share of the cryptocurrency supply is held by centralized exchanges (CEX), which hold 1,105,318 BTC.
Coinbase’s retail exchange alone controls over 1 million BTC, with additional contributions from platforms such as Revolut and Bitvavo.
The second largest category is ETFs and ETPs, which together manage over 808,000 BTC, with US-based ETFs dominating this segment.
Coinbase Prime Custody, a service tailored for institutional clients, holds 137,947 BTC, while Coinbase Prime’s broader offerings, such as liquidity and trading tools, have 106,541 BTC through various funds and over-the-counter (OTC) services.
Corporations such as MicroStrategy, Tesla and SpaceX collectively hold over 99,000 BTC, with MicroStrategy having the largest stake.
Finally, Bitcoin miners, including companies like CleanSpark, Cipher Mining, and Bitfarms, collectively own around 17,609 BTC.
Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.
CryptoQuant, a prominent market research firm, has observed a notable decline in the supply of short-term holders (STH) of Bitcoin (BTC), which may hinder the cryptocurrency’s potential price surge.
U.S. Congressman Warren Davidson has vocally criticized SEC Chair Gary Gensler, accusing the SEC of deliberately hindering Bitcoin ownership.
Michael Saylor’s MicroStrategy continues to expand its Bitcoin reserves, showing their undeniable optimism for the crypto market bull run.