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Last updated: June 16, 2025, 11:45  |  Written by: Raoul Pal

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The Buzz Around Bitcoin Ownership

The buzz around bitcoin ownership seems straightforward: retail investors hold approximately 9.5% of the cryptocurrency’s $2 trillion market cap. But a closer look

Small retail investors hold about 9.5% of bitcoin. Here’s

Retail investors are growing their BTC stack; whales'

Over The Last Few Years

Over the last few years, bitcoin addresses holding less than 10 BTC on their balances have been picking up more BTC supply. Recent data from on-chain data aggregator Glassnode shows

Here’s how much Bitcoin Retail Investors actually hold

Survey Shows Bitcoin Has Much Room to Grow with

On

Bitcoin Retail Investors Now Hold 17% Of Total BTC Supply

On-chain analytics reveal that retail investors (holding less than 1

On-chain analytics reveal that retail investors (holding less than 1 BTC) own 9.5% of total bitcoin, while large investors control the remaining 90.5%. Notably, retail

Bitcoin Ownership Unmasked: Why Retail Investors Hold More I

Raoul Pal can be reached at [email protected].

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