AFTER THE SPLIT

Demystifying Bitcoin's Ownership Landscape

What Makes Bitcoin Special? An Economist Explains

Despite Historic Crash, Most Bitcoin Investors Still in

Bitcoin Long

76% of Bitcoin entities are profitable but the tale is different; Why?

Bitcoin long-term holders locked in over $2 billion in profit in one daybut not everyone is interested in selling BTC. In the latest edition of its weekly newsletter, “ The

Is Bitcoin Mining Profitable? A Detailed Look at Costs

According To Glassnode

Bitcoin $2B daily profit-taking involves mostly new hodlers

In October-November, new highs were established and at one point 100% of the entities reached a state of profit. Now, Bitcoin is down 30% from its ATH, and all entities in profit have again reached 76%. However, the major difference is that the price point is now

According to Glassnode, almost 76% of BTC entities are currently in profit, compared to over 95% in November 2025. While long-term holders of Bitcoin held onto their

How Bitcoin Makes Money: Its Decentralized Business

76% of Bitcoin Entities Are in Profit - Finance Magnates

Bitcoin Entities in Profit Skyrocket to 94.3% as Open

In This Piece

In this piece, Grayscale Research attempts to clarify common questions around Bitcoin ownership, and delve into implications of various ownership groups. We also