According to data compiled by cryptocurrency index fund management company Bitwise, nearly 70% of Bitcoin (BTC) is still held by individual holders, significantly surpassing the total holdings of governments, corporations, and funds.
In an article released on Tuesday, Bitwise outlined the distribution of Bitcoin supply. The total supply of Bitcoin is capped at 21 million, with 69.4% owned by multiple individuals; approximately 7.5% is considered lost; and 6.1% is controlled by various funds and ETPs.
Wallets associated with Bitcoin creator Satoshi Nakamoto hold 4.6% of the total supply. Additionally, governments and corporations collectively own 5.8% of the total supply. The remaining 5.7% and 0.9% are categorized by Bitwise as “to be mined” and “other,” respectively.
Source: Bitwise
Bitwise emphasizes that if corporations and governments wish to acquire Bitcoin, they essentially need to purchase it from individuals willing to sell, stating, “This market dynamic between buyers and sellers could become very interesting.”
Bitwise CEO Hunter Horsley added: Data Source
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