According to PANews, on-chain analyst Murphy pointed out that there are 153 enterprises holding BTC with a 'non-zero balance', of which 29 are major listed companies holding 1,082,000 BTC. Spot ETFs hold 1,311,000 BTC, with BlackRock, Fidelity, and Grayscale holding 777,000, 202,000, and 167,000 BTC respectively. Global governments hold a total of 615,000 BTC, with the U.S. government holding 325,000 BTC.

In addition, there are 3,409,000 BTC that have not moved for 10 years on-chain, many of which belong to 'lost private keys or the address owner is missing', including over 1,000,000 belonging to Satoshi Nakamoto. Long-term holders collectively own 14,350,000 BTC, accounting for 68.3% of the total BTC supply.