According to data compiled by the cryptocurrency index fund management company Bitwise, nearly 70% of Bitcoin (BTC) is still held by individual holders, significantly surpassing the total holdings by governments, corporations, and funds.
In an article published on Tuesday, Bitwise outlined the distribution of Bitcoin supply. The total supply of Bitcoin is 21 million, of which 69.4% is 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 classified by Bitwise as “to be mined” and “other,” respectively.
Source: Bitwise
Bitwise emphasizes that if corporations and governments want to acquire Bitcoin, they essentially need to purchase it from individuals willing to sell, stating that “the market dynamics between buyers and sellers could become very interesting.”
Bitwise CEO Hunter Horsley added: Data source.
