#What is the current distribution of Bitcoin ownership by institutions?
Currently, institutions own a significant share of Bitcoin, with nearly one in five Bitcoins held by these entities. This information comes from BitcoinTreasuries data, showing that 254 tracked organizations collectively hold about 3,902,128 BTC, equating to approximately 18.58% of Bitcoin’s capped supply of 21 million. The total value of these holdings is around $287 billion.
#Who are the major institutional owners of Bitcoin?
The largest segment among institutional holders consists of exchange-traded funds, which possess roughly 1,486,650 BTC or 7.08% of the total supply. Notably, BlackRock’s IBIT is a key player in this category. Following them are public companies that own about 1,198,352 BTC, representing 5.71% of the overall Bitcoin supply. A prime example in this category is MicroStrategy, a firm that has acquired around 843,738 BTC—more than 70% of all Bitcoin held by publicly traded corporations.
In the third tier, there are governments holding 518,526 BTC, accounting for 2.47%. Additionally, private companies own approximately 431,365 BTC, contributing a further 2.05% to the institutional total.
#How has the acquisition of Bitcoin by different entities changed over time?
Recently, there has been a notable shift in Bitcoin acquisitions by corporate treasuries compared to ETFs. Following the launch of spot Bitcoin ETFs in the US on January 11, 2024, public companies began ramping up their purchases. In the second quarter of 2025, they accumulated about 131,000 BTC, surpassing the approximate 111,000 BTC obtained through ETFs during the same period.
The holdings of private companies, though less transparent due to lesser disclosure requirements, also warrant consideration. These firms may possess even more Bitcoin than currently reported, highlighting the potential for greater corporate ownership.
If public companies continue their acquisition trends at the 131,000 BTC pace seen in Q2 2025, they could collectively absorb over 500,000 BTC annually.