Recently, MicroStrategy (MSTR) has purchased an additional 21,000 BTC, bringing its total accumulated BTC to about 3% of the total supply. Including other public companies and ETFs, this figure is around 12%.

The key point is that this percentage is rapidly increasing, especially with the SEC recently approving a Bitcoin spot ETF (which means that investors can participate in the ETF using BTC and then redeem BTC).

It is expected that more and more retail investors' coins will be accelerated in purchase by institutions.