📊 Who Owns Bitcoin: Institutional vs Retail (2025)

According to River’s research: individuals (retail) hold 65.9% of all BTC.

Corporates (businesses) hold 6.2%.

Governments hold 1.5% of BTC.

Combined, institutions & state-linked entities (business + government + funds) control ~13.8% of BTC.

📈 Ratio Breakdown

Category % of Bitcoin Supply

Retail (Individuals) ~65.9%

Corporates + Funds + Governments ~13.8%

➡️ Ratio (Retail : Institutional+Gov) ≈ 65.9 : 13.8, or roughly 4.8 : 1

🧠 Insight

Retail investors dominate: For every 1 BTC held by big institutions/governments, ~4.8 BTC are held by “normal” individual investors.

Still small but growing institutional entry: While institutions + governments own a minority, their share is significant and increasing as adoption grows. $BTC

BTC
BTCUSDT
92,860
+1.50%