Analyst: Institutions hold 3.88M BTC, 18.5% of total supply

Institutional investors currently hold approximately 3.88 million BTC, representing 18.5% of Bitcoin's total supply of 21 million, according to an analysis by crypto analyst Cam. He noted that ETFs are estimated to hold around 1.32 million BTC, with BlackRock's spot Bitcoin ETF (IBIT) being the largest holder at approximately 811,000 BTC. Publicly traded companies account for about 1.24 million BTC, or 5.9% of the total supply, with Strategy having accumulated the most of any single company at 843,738 BTC. Additionally, various governments hold an estimated 650,000 BTC, with the United States leading at 328,372 BTC.