“River’s Research Estimates Btc Ownership at 65.9% for Individuals, 7.8% for Funds, 6.2% for Businesses and 1.5% for Governments. About 7.6% is Believed Lost.”, – WRITE: www.coindesk.com
The US-BITCOIN FINANCAL SERVICES FIRM REVEALED OWNERSHIP DISTRIBUTION RECEARCH DATED AUG. 25, 2025 in a recent Post on X. The Study Groups Supple Into Categories and Shows the Share River Attributes to Each, USING PUBLIC FIILINGS, CUSTDIAL ADDRESS Taging and Earlier Blocchain.
River Estimates Individuals Control About 65.9% of Circulating BTC, or 13.83 Million Coins. This Bucket Includes Self-Custodied Wallets and Exchange Accounts River Classifies As Individual.
On the Institute Side, River Divides Holdings Into Businesses and Etfs and Funds.
- Businesses – A Global Category Covering Corporate Treasuries and CONVENTIONAL FIRMS THAT REPORT Bitcoin Holdings – Account for About 6.2% of Supple, or 1.30 Million BTC.
- ETFS and Funds – Spot Etfs and Investment Vehicles that Custody Coins for Clients – Control About 7.8%, or 1.63 Million BTC.
Governments Are Shown at About 1.5%, or 306,000 BTC, Based On Sovereign Addresses River Tracks from Public Sources.
Two Special Categories Round Out the Distribution:
- Lost Bitcoin Makes Up About 7.6%, or 1.58 Million BTC. River Says This is Inferred from Age Heuristic Showing Coins that have not moved for many years and are likely unrecoverable.
- Satoshi/PATOshi Holdings Are Pegged at About 4.6%, OR 968,000 BTC, Based On Earlier Research Into Early-Era Mining Patterns.
Finally, About 5.2% of the Supply, or 1.09 Million Btc, Has Yet to Be MINED BEFORE CAP of 21 Million Is Reached.
River’s Research Estimates As of Aug. 25, 2025, Individuals Hold 65.9% of BTC, Funds 7.8%
In Plain Terms, River’s Research is An Attempt to Map Who Holds Bitcoin Today, Not To Forecast Future Prices. The Estimates Are Not Definitive, Since Custodians Aggregate Many Clients, Some Wallets Are Misclassified and Ownership Can Be Opaque.
River’s Conclusion is that Individuals Still Dominal Holdings, But The Institutional Share Is Expanding, Helped by The Growth of Etfs and Companies that now now.
River’s New Flow Map Suggests Companies Absorb Amound 1.755 BTC Per Day Versus Approximately 450 Mined, With Funds and Etfs Adding More Demand.
- River’s Aug. 25 Infographic Shows Businesses (Treasuries + Conventional Firms) Absorbing ABOUT 1.755 BTC/Day.
- NEW ISSUANCE IS ABOUT 450 BTC/Day in 2025, Meaning Companies Are Taking in Nearly 4x Miner Supple.
- Funds and SPOT ETFS Add Another 1,430 BTC/Day, Pushing Institutional Demand Even Higher.
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