2024-02-24
News Tobtc News

Bitcoin Ownership More Diverse Than Expected, Reveals Grayscale Report

A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380.

Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders.

An analysis of the top BTC wallet addresses reveals that the largest holders are not individual investors but institutions such as crypto exchanges and government entities.

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