Who holds a total of 21 million Bitcoins (BTC)?
57% Individuals
Most of the Bitcoins are held by individual investors, accounting for more than half of the total supply. Therefore, the Bitcoin market is still mainly dominated by retail investors.
17.6% BTC lost
Due to reasons such as lost private keys, this portion of Bitcoins is permanently unusable.
6.6% Not yet mined
A small amount of Bitcoins is still waiting to be unlocked through mining, which is expected to be fully mined by the year 2140.
5.2% Satoshi’s Wallet
The Bitcoins in Satoshi’s wallet have not been moved or traded and remain in a “cold storage” state.
3.9% ETFs
This portion of Bitcoins is held by Exchange-Traded Funds (ETFs), and institutional investment in the market is on the rise.
3.6% Companies
Companies like MicroStrategy have purchased large amounts of Bitcoins to use as corporate assets or reserves.
3.4% Miners
Mining rewards have not yet been transferred, and the mining community still retains some uncirculated Bitcoins.
2.7% Governments
Countries like El Salvador hold Bitcoins directly through reserves or legalization.
So what could be the big risk in the crypto world?
If the 5.2% of Bitcoins in Satoshi's wallet 👝 were suddenly transferred, it would be equivalent to a sudden increase of 5% in the market supply, which would definitely have a huge impact on market sentiment and prices!
