River says that people still have the majority of Bitcoin.
The Bitcoin financial services firm based in the US.
The river estimates that people control approximately 65.9% of the circulating BTC, or 13.83 million currencies. This bucket includes self -control wallets and exchange of accounts river classified as individual.
On the institutional side, River divides the participation in businesses and ETF and funds.
- Companies: a global category that covers corporate treasure bonds and conventional companies that report Bitcoin Holdings, represent approximately 6.2% of the offer, or 1.30 million BTC.
- ETF and funds: ETF spot and investment vehicles that custody coins for customers – control around 7.8%, or 1.63 million BTC.
Governments are shown in approximately 1.5%, or 306,000 BTC, based on sovereign addresses on the river rivers of public sources.
Two special categories complete the distribution:
- Lost Bitcoin represents around 7.6%, or 1.58 million BTC. River says that this is inferred from the age heuristics that shows coins that have not moved for many years and that are probably unrecoverable.
- Satoshi/Pathi holdings are set at approximately 4.6%, or 968,000 BTC, based on previous research on mining patterns of the early era.
Finally, approximately 5.2% of the offer, or 1.09 million BTC, has not yet been extracted before the hard limit of 21 million is reached.
In simple terms, River’s investigation is an attempt to map who has Bitcoin today, not predicted future prices. Estimates are not definitive, since custodians add to many customers, some wallets are classified erroneous and property can be opaque.
River’s conclusion is that people still dominate holdings, but institutional participation is expanding, helped by the growth of ETFs and companies that now treat Bitcoin as a balance asset.
