Individual investors currently control 13.9 million BTC, representing 66% of the total 21 million supply. In contrast, institutional entities, including ETFs, corporations, and governments, hold approximately 17% of the maximum supply. Specifically, ETFs manage 1.48 million BTC, while companies and governments hold 1.66 million and 518,500 BTC respectively.
Market dynamics are shifting as individual investors sold a net 696,000 BTC in 2025, while institutions acquired nearly one million coins. Approximately 1.6 million BTC are considered lost, and 968,000 BTC remain in wallets associated with Satoshi Nakamoto. As institutional demand grows, these entities may need to increase purchase prices to secure supply from existing holders.
Corporate treasury management reveals the financial pressure of maintaining large Bitcoin holdings. Strategy, which holds 848,000 BTC, utilized $142.5 million from its cash reserves for dividends and interest during the week ending October 4, alongside $73.7 million for share buybacks. In the same period, the firm purchased 334 BTC for $28.7 million.
Metaplanet in Japan adjusted its holdings during the third quarter by selling 10,000 BTC and repurchasing 11,000 BTC to manage liquidity. The company currently holds 44,000 BTC, capping its exposure at 85% to 90% of total assets. With Bitcoin trading near $83,000, firms face a trade-off between maintaining existing treasuries and acquiring additional assets.
