Summary of Bitcoin Ownership Distribution as of May 12 2025 based on the maximum supply of 21 million BTC

Ownership Breakdown

• Individuals 14.32 million BTC 68.2% 👤

• Funds & Spot ETF 1.34 million BTC 6.4% 📊

• Corporations 1.07 million BTC 5.1% 🏢

• Governments 316 thousand BTC 1.5% 🏛️

• Satoshi 968 thousand BTC 4.6% 👤🧑‍💻 – estimated to be coins mined by the founder since 2009 that remain unmoved

• Other organizations 266 thousand BTC 1.3% ⚙️ – including assets in bankruptcy and BTC locked in smart contracts

• Lost Bitcoin 1.58 million BTC 7.6% ❌ – estimated based on UTXO age

• Unmined Bitcoin 1.14 million BTC 5.4% ⛏️ – the remaining BTC yet to be mined

Key Highlights

• Most Bitcoin is currently held by individuals 👥

• A significant amount has been permanently lost or is inaccessible 🔒

• $BTC Although institutions including Funds Corporations and Governments are increasing their purchases total ownership remains relatively small compared to individuals

If institutions want to continue buying Bitcoin the main supply they will need to target will come from individual holders. #btc