Bitcoin Holdings by Major Holder Type

• Public Companies: ~1.07M BTC

• Governments: ~0.62M BTC

• U.S. Spot ETFs: ~1.31M BTC

• Exchanges: ~2.94M BTC

Total: ~5.94M BTC — roughly 29.8% of the circulating supply

This shows how a significant portion of Bitcoin’s liquidity is becoming increasingly concentrated among institutions, custodians, and large entities.