Satoshi and nine entities account for 26.37% of all bitcoin:native 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.(Onchain Lens)