Bitcoin Transfer: How Retailers Are Selling Wall Street ETFs

• While retail investors still hold the majority, institutions and ETFs now control over 14% of all BTC.
• This shift from early adopters to Wall Street creates a new dynamic of constant, price-neutral buying.
• Blockchain data shows that Satoshi owns 4.6% of the supply, while another 7.6% of bitcoins are lost forever.

Bitcoin is moving from early adopters to Wall Street. As the asset matures, a new class of owners is taking control, and this change in BTC ownership is a major trend for its future price. Blockchain data shows exactly where the 21 million coins are.

Who Really Owns the Most Bitcoin Today?

The majority of Bitcoin's supply, nearly 13.83 million BTC (65.9%), remains in the hands of individual retail investors. This group, valued at more than $1.52 trillion, represents the largest share of total ownership.

However, Wall Street and corporate America now collectively control 14% of all Bitcoin, and their share is growing rapidly:

• New US spot Bitcoin ETFs led by BlackRock have already bought 1.63 million BTC (7.8%).
• Corporate treasuries, led by Michael Saylor's MicroStrategy, hold another 1.3 million BTC (6.2%).

This institutional support is backed by major banks like JPMorgan, which now argue that Bitcoin is a better hedge against inflation than gold.

Source: X

What about Satoshi, governments and “lost” coins?

Outside of the active market, several large Bitcoin pools are either unavailable or owned by different organizations:

• Lost Forever : About 1.58 million BTC (7.6%) are considered lost forever.
• Satoshi Nakamoto: The creator's wallets hold about 968,000 BTC (4.6%).
• Governments: The US and other governments seized a total of 360,000 BTC (1.5%).
• Locked/Bankruptcy: About 287,000 BTC (1.4%) are locked in contracts or bankruptcies.
• Unmined supply: Only 5.2% of all bitcoins remain to be mined in the next 100 years.

Why does a change in ownership matter to the price of Bitcoin?

This shift from retail to institutional fundamentally changes Bitcoin's market cycles. The old cycle was defined by whales selling to retail investors at the top of the market. The new cycle is completely different.

Data from the past year shows that companies and ETFs have been steadily accumulating bitcoin, regardless of price. This constant buying, unrelated to price, is creating a strong foundation of demand.

This is the main reason why analysts like Fundstrat's Tom Lee now predict that Bitcoin could reach $1 million as a rising tide of institutional capital chases the dwindling supply of available coins.

Source: cryptonews.net