Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

July 7, 2025

IOTA Hits Major Milestones in Q2 2025 with Rebased Mainnet and TWIN Global Launch

July 7, 2025

Sudden $8,000,000,000 Bitcoin Wallet Movement Potentially Result of Hack, According to Coinbase Executive

July 7, 2025

Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

July 7, 2025

Stop obsessing over protocols and fix the front door

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

    July 7, 2025

    Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

    July 7, 2025

    Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

    July 7, 2025

    Metaplanet Boosts Bitcoin Stack to 15,555 BTC

    July 7, 2025

    XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Crypto News » Bitcoin Ownership More Diverse Than Expected, Reveals Grayscale Report
Crypto News

Bitcoin Ownership More Diverse Than Expected, Reveals Grayscale Report

Crypto Observer StaffBy Crypto Observer StaffDecember 2, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380.

Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders.

Bitcoin’s Widespread Ownership

As of November 6th, 2023, 74% of Bitcoin addresses hold less than 0.01 BTC, equivalent to approximately $380 at the time of writing.

The statistic highlights the accessible nature of Bitcoin, contrasting with traditional high-risk, high-return assets like private equity and venture capital, often limited to accredited investors. Bitcoin, unlike these traditional assets, is available to a global audience with internet access.

An analysis of the top BTC wallet addresses reveals that the largest holders are not individual investors but institutions such as crypto exchanges and government entities.

The report reveals that about 40% of Bitcoin’s total supply is held by identifiable groups and public companies like Tesla and MicroStrategy, mining firms, ETFs, and dormant addresses.

The Concept of “Sticky Supply”

Another takeaway from the report is the concept of “sticky supply,” referring to bitcoin held for long-term purposes and less likely to be sold in the short term. This includes 14% of the supply, which hasn’t been touched in over a decade, possibly such owned by Bitcoin’s mysterious creator, Satoshi Nakamoto, or simply lost BTC.

Regarding supply dynamics, specific segments like miners and exchanges, which account for 20% of the total Bitcoin supply, exhibit price inelasticity. The characteristic suggests these groups are less likely to sell their holdings in response to price fluctuations, further contributing to the limited liquid supply of Bitcoin.

The aspect of sticky supply is relevant in the context of upcoming events, such as the potential approval of a spot Bitcoin ETF in the US. Spot ETF approvals could further tighten Bitcoin’s already constrained supply, amplifying the asset’s demand-related price dynamics.

The research concludes that the diverse and distributed nature of BTC ownership and the growing presence of institutional investors signifies a significant shift in the cryptocurrency landscape.

As we approach significant milestones like the 2024 Bitcoin halving and potential regulatory changes, BTC’s ownership and supply dynamics could play a pivotal role in shaping its market behavior.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

July 7, 2025

Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

July 7, 2025

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

July 7, 2025

Metaplanet Boosts Bitcoin Stack to 15,555 BTC

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

July 7, 2025

IOTA Hits Major Milestones in Q2 2025 with Rebased Mainnet and TWIN Global Launch

July 7, 2025

Sudden $8,000,000,000 Bitcoin Wallet Movement Potentially Result of Hack, According to Coinbase Executive

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

July 7, 2025

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

July 7, 2025

Metaplanet Boosts Bitcoin Stack to 15,555 BTC

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.