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India’s ever-growing crypto market is not just about widespread adoption—it’s about strategic accumulation by key players. In 2025, with nearly 90 million Indians owning crypto and India ranking #1 globally in crypto adoption, the concentration of actual Bitcoin and major crypto holdings rests in the hands of a select few visionary companies and influential individuals. Let’s dive into who’s staking out the biggest claims in this digital gold rush.
Which Indian Companies Are Stocking Most Cryptos and Bitcoins?
- Jetking Infotrain (Mumbai):
- As of May 2025, Jetking Infotrain stands out as the first Indian listed company to publicly invest its treasury in Bitcoin—a bold move in India’s cautious regulatory landscape. Jetking holds 21 bitcoins, purchased at an average price of ₹64.6 lakh, representing a current valuation of ₹13.6 crore. The company’s strategy echoes that of global giants and signals a radical shift in Indian corporate treasuries.
- CoinDCX, WazirX, CoinSwitch:
- These exchanges are not just platforms but own significant reserves for operational and strategic purposes. CoinDCX and WazirX routinely feature among India’s top exchanges, with large crypto balances on their books.
- Onramp Money, GoSats, Mudrex, Unocoin, ZebPay:
- Other notable companies in the Indian scene, these platforms collectively help manage billions of INR in customer crypto assets, often holding substantial reserves themselves.
Individuals: The Faces Behind India’s Biggest Crypto Stashes
While exact wallet-level data is elusive, a few high net worth individuals (HNIs) and founders consistently emerge as leading holders and influencers:
- Nischal Shetty (Founder/CEO, WazirX):
- Nischal Shetty has played a pivotal role in India’s crypto revolution. Beyond leading one of India’s largest exchanges, his advocacy and personal investments reflect considerable exposure to Bitcoin and other cryptos.
- Sumit Gupta (Co-Founder/CEO, CoinDCX):
- As the driving force behind CoinDCX, Sumit Gupta oversees operations involving massive crypto flows. Gupta is seen as both an evangelist and major personal holder.
- Balaji Srinivasan, Neeraj Khandelwal, Ashish Singhal (Founders and Influencers):
- Their leadership in companies like CoinSwitch and WazirX means they’re at the heart of India’s crypto ecosystem—and likely stock significant personal and corporate holdings.
- HNIs and Family Offices:
- An Economic Times report shows nearly half of CoinDCX’s trading volume comes from just 3,500 top-tier users, highlighting that most of India’s crypto value is concentrated among a relatively small, affluent group.
Popular Cryptos Held by Indian Giants
Besides Bitcoin, other cryptocurrencies such as Ethereum, Dogecoin, Shiba Inu, and Solana also see substantial holdings among corporate and individual investors. Meme coins like Dogecoin have overtaken Bitcoin in trading volume in some regions, but Bitcoin remains the most widely held by value.
Conclusion
India’s crypto landscape in 2025 is one of broad retail participation with a sharp concentration of actual assets among major exchanges, forward-thinking companies, and influential individuals. Jetking Infotrain stands out as the first public corporate Bitcoin holder, while giants like CoinDCX and WazirX anchor a scene dominated by exchanges. When it comes to individuals, influential founders and a thin layer of HNIs steer the ship. The future looks set for bigger bets, bolder moves, and a rapidly evolving market.
Ready to go deeper? Who do you think will be India’s next big crypto whale? Join the conversation!
About the Author
Beyond his commitment to technology journalism, Ankit is a joyful gymgoer who believes in maintaining a balanced lifestyle.
